Petershill Partners (PHLL)

Sector:

Financials

Index:

FTSE 250

210.00p
   
  • Change Today:
    -1.00p
  • 52 Week High: 284.50
  • 52 Week Low: 201.00
  • Currency: UK Pounds
  • Shares Issued: 1,081.71m
  • Volume: 394,829
  • Market Cap: £2,271.59m
  • Beta: 0.02

Petershill Partners posts solid rise in assets under management

By Josh White

Date: Friday 19 Jan 2024

LONDON (ShareCast) - (Sharecast News) - Petershill Partners reported a significant increase in its gross fee-eligible assets under management for 2023 on Friday, for a total of $23bn, in line with its guidance.

The FTSE 250 company said aggregate assets under management of partner-firms reached $304bn, showing a slight increase over the quarter and 7% year-on-year growth.

Meanwhile, aggregate fee-paying partner-firm assets under management reached $221bn, marking a 12% increase during the quarter and a 14% increase compared to the prior year.

Petershill said it achieved organic gross fee-eligible assets under management growth of $3bn for the final quarter of 2023.

Partner-firms attracted $23bn in fee-paying assets under management gross inflows during the quarter, with around $20bn coming from previously-raised fee-paying assets under management switching on during the same period.

The total fee-paying assets under management gross inflows for 2023 amounted to $31bn.

Additionally, partner-firms realised $1bn of fee-paying assets under management during the quarter and a total of $7bn in 2023, in line with the 2023 guidance of $5bn to $10bn.

The positive investment performance of partner-firm funds contributed to a $2bn increase in fee-paying partner-firm assets under management during the quarter and a $3bn increase for the entire year.

As of the final quarter of 2023, partner-firms held $8bn of assets under management that were not yet paying fees, down from $28bn in the third quarter.

Looking ahead to 2024, Petershill Partners estimated an organic gross fee-eligible AuM raise in the range of $20bn to $25bn.

It also anticipated realisations of $5bn to $10bn in 2024.

The $8bn of assets under management that were not yet paying fees as of the fourth quarter of 2023 was expected to become fee-paying during the course of 2024.

At 0812 GMT, shares in Petershill Partners were up 0.66% at 161.26p.

Reporting by Josh White for Sharecast.com.

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PHLL Market Data

Currency UK Pounds
Share Price 210.00p
Change Today -1.00p
% Change -0.47 %
52 Week High 284.50
52 Week Low 201.00
Volume 394,829
Shares Issued 1,081.71m
Market Cap £2,271.59m
Beta 0.02

PHLL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.27% below the market average3.27% below the market average3.27% below the market average3.27% below the market average3.27% below the market average
47.47% below the sector average47.47% below the sector average47.47% below the sector average47.47% below the sector average47.47% below the sector average
Price Trend
6.10% above the market average6.10% above the market average6.10% above the market average6.10% above the market average6.10% above the market average
1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average1.89% above the sector average
Income
33.70% above the market average33.70% above the market average33.70% above the market average33.70% above the market average33.70% above the market average
21.43% below the sector average21.43% below the sector average21.43% below the sector average21.43% below the sector average21.43% below the sector average
Growth
39.76% above the market average39.76% above the market average39.76% above the market average39.76% above the market average39.76% above the market average
36.26% above the sector average36.26% above the sector average36.26% above the sector average36.26% above the sector average36.26% above the sector average

PHLL Dividends

  Latest Previous
  Final Special
Ex-Div 08-May-25 10-Apr-25
Paid 13-Jun-25 09-May-25
Amount 10.50¢ 14.00¢

Trades for 30-May-2025

Time Volume / Share Price
16:35 235,787 @ 210.00p
16:35 13,238 @ 210.00p
16:35 4,049 @ 210.00p
16:35 9,725 @ 210.00p
16:35 6,813 @ 210.00p

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