London, Feb 27, 2026, 08:43 GMT — Regular session
- Stock adds roughly 0.5% in early London action, following back-to-back strong sessions.
- The company raised its shareholder return target, aiming for 70% of the “underlying cash result” beginning in 2026.
- Net inflows, cost-cutting steps, and the conclusion of a lengthy client service review are all on investors’ radar.
St. James’s Place Plc (SJP.L) saw its stock inch up roughly 0.5% to 1,385.5 pence during early Friday trading, putting it close to the upper end of the 1,374–1,388 pence band for the session. 1
This week saw the UK wealth manager jumping around, as investors tried to balance a speedier cash-return scheme with persistent worries: fees, rivals, and just how loyal client assets really are once markets get bumpy.
St. James’s Place plans to raise its total annual payout to shareholders to 70% of its “underlying cash result” starting 2026—up from the previous 50%—with a mix of dividends and share buybacks. For 2025, it posted an underlying cash result of 462.3 million pounds, alongside profit after tax attributable to equity shareholders of 531.1 million pounds. Buybacks linked to the 2025 results are set to kick off in March. The company has proposed a final dividend of 12 pence, to be paid on May 8 if shareholders sign off. 2
The underlying cash result, St. James’s Place’s preferred post-tax cash figure, serves as its benchmark for what may be returned to shareholders. As for funds under management, that’s simply the tally of client assets—crucial, since SJP’s fee income moves in tandem with that total.
The company’s been highlighting robust flows on the demand front: gross inflows reached 21.9 billion pounds, net inflows hit 6.2 billion pounds in 2025, and client retention stands at 94.9%, according to City AM. Rae Maile at Panmure Liberum doesn’t expect that position to falter, calling the shares “materially undervalued.” Susannah Streeter, Wealth Club’s chief investment strategist, described the group as “on the road to recovery” after recent AI turbulence. 3
FitzPatrick has pushed back on the AI angle. Calling a recent selloff “noises within the financial markets,” he told clients—via the London Stock Exchange—they should be able to “weather the storm” because of diversification. He also reiterated his confidence that the group would achieve its 100 million pounds cost-saving target by early 2027. 4
St. James’s Place surged 6.63% on Wednesday, then tacked on another 2.64% Thursday, with the stock closing the penultimate session of the week at 13.79 pounds. The move leaves shares already doing much of the heavy lifting. 5
Plenty of risks remain. A sharper market drop would slice into fee income as assets shrink. Cheaper platforms and AI-driven tools keep pricing under the gun. And then there’s the not-yet-complete “ongoing service evidence” review—a historic process that’s kept investors on edge.
Next, traders are eyeing specifics on when the March buyback will kick off. Attention then shifts to the shareholder vote at the April 30 annual general meeting—that’s the hurdle for unlocking the May 8 final dividend.
