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Prices & Quotes - UK Markets - Rathbone Brothers (RAT)

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 1,790.00p
Change Today:
14.00p
Market Cap:
1,046.03m
Sector:
Financial Services

Rathbone Brothers hails strong investment performance as FUMA rise

By Michele Maatouk

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Investment manager Rathbone Brothers hailed a strong investment performance on Thursday as it reported a jump in full-year funds under administration and profit.
In the year to 31 December 2020, funds under management and administration rose 8.5% from the previous year to 54.7bn, with FUMA in the investment management business up 4.4% to 44.9bn, while the funds business saw a 32.4% increase to 9.8bn. Total net inflows were up 4.2% at 2.1bn.

Pre-tax profit came in at 43.8m, up from 39.7m in 2019. Underlying pre-tax profit increased 4.3% to 92.5m, delivering an underlying operating margin of 25.3%, consistent with the prior year despite lower investment markets.

The board recommended a final dividend of 47p a share, taking the total for the year to 72p, up 2.9% on 2019. "This reflects confidence in the outlook for the business and its strong capital position," Rathbones said.

Chief executive Paul Stockton said the company had delivered a "resilient" performance in "an immensely challenging" year.

"Whilst we expect 2021 to remain volatile, our balance sheet is robust with a strong capital position. Our near-term focus is to execute our growth strategy, to build our market share, to balance ongoing investment in the business, and to continue to apply strict cost discipline. Rathbones will emerge stronger after the challenges of the pandemic begin to subside."

At 0955 GMT, the shares were up 3.5% at 1,633.68p.

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

 

RAT Market Data

Currency UK Pounds
Price 1,790.00p
Change Today 14.00p
52 Week High 1,864.00p
52 Week Low 1,386.00p
Volume 59,890
Shares Issued 58.44m
Market Cap 1,046.03m
Beta 0.01

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 6
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 7
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RAT Dividends

  Latest Previous
  Final Interim
Ex-Div 22-Apr-21 03-Sep-20
Paid 11-May-21 06-Oct-20
Amount 47.00p 25.00p

Trades for 12-May-2021

Time Volume / Share Price
16:35 34,637 @ 1,790.00p
16:29 45 @ 1,782.00p
16:29 9 @ 1,782.00p
16:29 91 @ 1,786.00p
16:29 42 @ 1,786.00p

RAT Key Personnel

CEO Paul Stockton
Finance Director Jennifer Mathias