Ninety One Group (LON:N91) Releases Earnings Results

Ninety One Group (LON:N91) issued its earnings results on Wednesday. The company reported GBX 17.40 EPS for the quarter, Digital Look Earnings reports. The firm had revenue of £763.30 million for the quarter. Ninety One Group had a return on equity of 41.35% and a net margin of 21.56%.

Here are the key takeaways from Ninety One Group’s conference call:

• AUM rose to GBP 171.8 billion at year-end, helped by portfolio growth, the Sanlam Investment Management acquisition, and a return to annual net inflows of GBP 2.8 billion.
• Adjusted operating profit increased 12% and the operating margin expanded to 32%, supporting 12% growth in adjusted EPS and a 10% increase in the full-year dividend.
• The Sanlam transaction is now largely integrated, with management saying the relationship is strong and the added assets should improve scale and distribution over time, though the new book carries lower fee rates.
• Management guided to a 38-40 bps average fee rate going forward, reflecting continued fee pressure and a portfolio mix shift toward lower-fee fixed income mandates.
• The company highlighted several growth initiatives, including an active ETF partnership with State Street, expanded emerging-market capabilities through the Arc Avenue joint venture, and new opportunities in the Middle East via the Foundry.

Ninety One Group Stock Performance

N91 opened at GBX 209.76 on Wednesday. The firm has a market cap of £1.89 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 15.99 and a beta of 0.76. Ninety One Group has a 52-week low of GBX 162.40 and a 52-week high of GBX 262.20. The company has a debt-to-equity ratio of 39.25, a quick ratio of 0.07 and a current ratio of 1,371.96. The business’s fifty day moving average is GBX 221.20 and its 200-day moving average is GBX 225.81.

About Ninety One Group

Ninety One Group operates as an independent global asset manager worldwide. It serves private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations, and central banks, as well as large retail financial groups, wealth managers, public and private equity as well as debt, private banks, and intermediaries. It seeks to invest in South African companies struggling with the economic fallout from the spread of coronavirus. Ninety One Group was founded in 1991 and is headquartered in Cape Town, South Africa with additional offices in Africa.