You are here

Prices & Quotes - UK Markets - Intermediate Capital Group (ICP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 1,661.00p
Change Today:
7.00p
Market Cap:
4,886.40m
Sector:
Financial Services

JP Morgan trims targets for some UK asset managers, 'underweight' Hargreaves Lansdown

By Alexander Bueso

Date: Wednesday 09 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at JP Morgan trimmed their target prices for three of the UK's largest 'asset gatherers' to reflect "subdued" net flows over the third quarter.
The investment bank's analysts, who had a 'neutral' recommendation for Ashmore Group, Jupiter Fund Management and Schroders, marked down their targets from 485.0p, 390.0p and 3,000.0p to 450.0p, 360.0p and 2,950.0p, respectively.

With the exception of Amundi and DWS, their channel checks had revealed that the majority of firms in the space had seen net outflows over the three months to September.

Indeed, in both the States and Europe, the dominant note over the quarter were net inflows, helped by passive funds and active money market funds.

In the UK on the other hand, the mutual fund market saw its fifth quarter of outflows in a row.

"And we would be cautious on the near-term UK flow outlook as political uncertainty persists," they said.

"Flow momentum in the UK has been particularly subdued relative to Europe, reflecting ongoing political uncertainty, and may continue to weigh on sentiment surrounding the UK-listed asset managers."

Excluding Hargreaves Lansdown and Swiss-listed Partners Group, shares of the various asset gatherers were trading on an average price-to-earnings multiple of about 12.5 reflecting the weaker near-term outlook for flows and further fee pressure.

However, HL was kept at 'underweight' as the weak market backdrop in the UK and investor sentiment were unlikely to generate earnings upgrades short-term, while over the medium-term, competitive pressure might weigh on revenue margins.

Standard Life Aberdeen was kept at 'overweight' on the back of its "attractive valuation" and potential for capital returns - although net flows were seen remaining subdued over the remainder of 2019 as was Intermediate Capital Group, with the target price on the latter's shares marked up from 1,530.0p to 1,635.0p.

DWS was upgraded to 'overweight'.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

ICP Market Data

Currency UK Pounds
Price 1,661.00p
Change Today 7.00p
52 Week High 1,877.00p
52 Week Low 559.50p
Volume 1,182,696
Shares Issued 294.18m
Market Cap 4,886.40m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
P/E
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 8
Buy 1
Neutral 1
Sell 0
Strong Sell 1
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ICP Dividends

  Latest Previous
  Interim Final
Ex-Div 10-Dec-20 18-Jun-20
Paid 08-Jan-21 05-Aug-20
Amount 17.00p 35.80p

Trades for 27-Nov-2020

Time Volume / Share Price
16:46 1,009 @ 1,661.28p
16:46 23,991 @ 1,661.28p
16:35 728,671 @ 1,661.00p
16:29 29 @ 1,663.00p
16:29 5 @ 1,664.00p

ICP Key Personnel

CEO Benoit Durteste
Chair Davies of Abersoch