Netwealth Group Ltd (ASX: NWL) Share Price and News

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Netwealth Group Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $5.59 billion
P/E Ratio 72.68
Dividend Yield 1.20%
Shares Outstanding 244.03 million
Earnings per share 0.310
Dividend per share 0.28
Year To Date Return 47.21%
Earnings Yield 1.38%
Franking 100%
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as at 24 Feb 3:44pm

  • Netwealth Group Ltd (ASX: NWL)
    Latest News

    Woman looks amazed and shocked as she looks at her laptop.
    Share Gainers

    Why Immutep, Kingsgate, Netwealth, and Ora Banda shares are storming higher

    These shares are ending the week with a bang. But why?

    Read more »

    A young male investor wearing a white business shirt screams in frustration with his hands grasping his hair after ASX 200 shares fell rapidly today and appear to be heading into a stock market crash
    Share Fallers

    Why Hub24, Netwealth, Pantoro, and WA1 shares are falling today

    These shares are missing out on the good times on Thursday. But why?

    Read more »

    A young man goes over his finances and investment portfolio at home.
    Technology Shares

    Netwealth share price higher on record quarter

    What is causing investors to hit the buy button today?

    Read more »

    A young man sits on the floor with his back against a sofa hunched over his phone in one hand and his other hand on top of his head as though he is seeing bad news as his face looks sad and anguished.
    Share Market News

    Here are the top 10 ASX 200 shares today

    ASX investors copped yet another bruising in the markets today.

    Read more »

    Woman with $50 notes in her hand thinking, symbolising dividends.
    Technology Shares

    Are Netwealth shares a compelling buy for dividends?

    Can this fintech stock be a good option for passive income?

    Read more »

    A neon sign says 'Top Ten'.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    The ASX 200 was on fire today, with almost every sector surging.

    Read more »

    Accountant woman counting an Australian money and using calculator for calculating dividend yield.
    Financial Shares

    If you'd invested $10,000 in Netwealth shares at the start of the year, here's how much you'd have now

    Would it have been a good idea to buy Netwealth shares on 2 January?

    Read more »

    Smiling man working on his laptop.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    It was back to the races for ASX shares today, in a confident start to the week.

    Read more »

    A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
    Share Fallers

    Why COG, Karoon Energy, Netwealth, and Pilbara Minerals shares are dropping today

    These ASX shares are ending the week deep in the red. But why?

    Read more »

    Top ten gold trophy.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    ASX investors endured a sour end to the trading week today.

    Read more »

    Three guys in shirts and ties give the thumbs down.
    Share Fallers

    Why Avita Medical, Netwealth, Peninsula Energy, and Zip shares are sinking today

    These ASX shares are having a tough session. But why?

    Read more »

    A young man sits at his desk with a laptop and documents with a gas heater visible behind him as though he is considering the information in front of him. about the BHP share price
    Technology Shares

    ASX 200 tech stock slides despite record $21.2 billion results

    The ASX 200 tech stock is coming under selling pressure today.

    Read more »

    Frequently Asked Questions

    Yes, Netwealth has historically paid two fully franked dividends a year.

    Netwealth generally pays its shareholder dividends in March and September.

    Netwealth Group Ltd listed on the ASX on 20 November 2015.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    04 Mar 2024 $0.1400 100.00% Interim 28 Mar 2024
    22 Aug 2023 $0.1300 100.00% Final 21 Sep 2023
    22 Feb 2023 $0.1100 100.00% Interim 24 Mar 2023
    30 Aug 2022 $0.1000 100.00% Final 29 Sep 2022
    23 Feb 2022 $0.1000 100.00% Interim 24 Mar 2022
    26 Aug 2021 $0.0950 100.00% Final 24 Sep 2021
    22 Feb 2021 $0.0906 100.00% Interim 26 Mar 2021
    25 Aug 2020 $0.0780 100.00% Final 24 Sep 2020
    25 Feb 2020 $0.0690 100.00% Interim 26 Mar 2020
    26 Aug 2019 $0.0660 100.00% Final 26 Sep 2019
    25 Feb 2019 $0.0550 100.00% Interim 28 Mar 2019
    10 Sep 2018 $0.0538 100.00% Final 27 Sep 2018

    NWL ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Netwealth Group Ltd

    Netwealth Group Ltd (ASX: NWL) is a financial services and technology company. It provides a wide range of products and services to the Australian financial investment industry, including cloud-based investment administration software as a service (SaaS), a retail superannuation fund, and an administration business.

    Netwealth's technology platform provides portfolio administration, investment management tools, and investment and managed account services to financial advisers, private clients, and companies. Netwealth charges SaaS fees based on funds under administration and management on its platform. It also offers Netwealth-branded investment products managed by third-party investment managers.

     

    NWL Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    17 Jul 2024 $22.91 $0.38 1.69% 264,667 $22.74 $23.12 $22.50
    16 Jul 2024 $22.53 $0.35 1.58% 320,731 $22.45 $22.85 $22.36
    15 Jul 2024 $22.18 $0.38 1.74% 179,645 $22.02 $22.29 $21.90
    12 Jul 2024 $21.80 $0.80 3.81% 416,009 $21.49 $21.82 $21.33
    11 Jul 2024 $21.00 $-0.91 -4.15% 858,105 $22.17 $22.37 $20.90
    10 Jul 2024 $21.91 $0.23 1.06% 220,040 $21.60 $21.92 $21.41
    09 Jul 2024 $21.68 $-0.14 -0.64% 188,825 $21.95 $21.99 $21.62
    08 Jul 2024 $21.82 $-0.02 -0.09% 162,822 $21.71 $22.08 $21.71
    05 Jul 2024 $21.84 $0.00 0.00% 85,263 $21.88 $21.99 $21.69
    04 Jul 2024 $21.84 $0.17 0.78% 371,357 $21.90 $21.98 $21.62
    03 Jul 2024 $21.67 $-0.03 -0.14% 164,173 $21.70 $21.82 $21.33
    02 Jul 2024 $21.70 $0.09 0.42% 355,407 $21.65 $21.92 $21.31
    01 Jul 2024 $21.61 $-0.56 -2.53% 290,560 $22.04 $22.18 $21.61
    28 Jun 2024 $22.17 $-0.13 -0.58% 168,381 $22.24 $22.40 $22.04
    27 Jun 2024 $22.30 $0.09 0.41% 210,247 $21.60 $22.34 $21.38
    26 Jun 2024 $22.21 $-0.04 -0.18% 235,577 $22.25 $22.26 $22.00
    25 Jun 2024 $22.25 $0.07 0.32% 200,797 $22.29 $22.41 $22.12
    24 Jun 2024 $22.18 $0.35 1.60% 226,415 $22.10 $22.35 $21.93
    21 Jun 2024 $21.83 $0.09 0.41% 282,942 $21.78 $21.85 $21.46
    20 Jun 2024 $21.74 $-0.08 -0.37% 429,611 $21.82 $21.87 $21.52
    19 Jun 2024 $21.82 $0.11 0.51% 267,832 $21.94 $21.97 $21.62
    18 Jun 2024 $21.71 $0.16 0.74% 123,610 $21.79 $21.96 $21.54

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    04 Apr 2024 Matthew (Matt) Heine Sell 1,500,000 $29,775,000
    On-market trade.
    04 Apr 2024 Davyd Lewis Sell 25,453 $516,955
    On-market trade.
    04 Apr 2024 Michael Heine Sell 1,500,000 $29,775,000
    On-market trade.
    04 Apr 2024 Timothy Antonie Sell 45,000 $913,982
    On-market trade.
    24 Oct 2023 Kate Temby Buy 3,000 $39,349
    On-market trade.
    11 Sep 2023 Michael Heine Sell 3,300,000 $50,490,000
    Off-market trade.
    11 Sep 2023 Matthew (Matt) Heine Sell 3,300,000 $50,490,000
    Off-market trade.
    17 Aug 2023 Matthew (Matt) Heine Sell 2,801,200 $40,057,160
    Off-market trade.
    17 Aug 2023 Michael Heine Sell 2,801,200 $40,057,160
    Off-market trade. As per announcement on 21-08-2023

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Matthew (Matt) Alexander Max Heine Joint Managing Director Jun 2017
    Mr Heine was appointed Joint Managing Director in January 2015, became Managing Director in Oct 2022 then promoted to CEO and Managing Director from June 2023. He has been instrumental in the development of the Netwealth platform and products as well as the distribution, branding and marketing of the Group. Matthew's role and experience in the sales, marketing and strategy field brings a firsthand understanding of the industry and client base. He is a member of the People and Corporate Sustainability Committee.
    Mr Davyd Lewis Non-Executive Director Jun 2017
    Mr Lewis was a partner of Mallesons Stephen Jaques for 20 years until his retirement in 2008. Davyd's role included Partner in Charge of the Melbourne centre, Managing Partner Practice of Mergers and Acquisitions, Property and Construction, Dispute Resolution and Intellectual Property, National Practice Team Leader of the Mergers and Acquisitions Group and was responsible for supervising the relationship with 50 of the firm's biggest clients. He is the Chair of the CRMC, NSS Audit Risk and Compliance Committee.
    Mr Michael Max Heine Joint Managing Director Jun 2017
    Mr Heine was in the establishment of Netwealth in 1999. Michael acted as sole Managing Director from 1999 to 2014 and acted as Joint Managing Director together with his son Matthew from January 2015 until October 2022. He has experience in Australian and European financial markets, including commodity trading, international financing, mortgage lending and property development. Michael was instrumental in the establishment of the Heine Brothers funds management business in 1982 and was its Managing Director from 1982 to 1999 when the company was acquired by ING (then Mercantile Mutual). He is a member of NIL Investment Committee, NSS Risk and Compliance Committee and NSS Superannuation Investment Committee.
    Mr Timothy Michael Antonie Non-Executive Director Jun 2017
    Mr Antonie commenced his career at Price Waterhouse (now PwC) and qualified as a chartered accountant. He subsequently worked at several investment banks, including at UBS Investment Bank as a Managing Director, where he advised major Australian companies in mergers, acquisitions, sales and restructures and equity transactions, as well as day-to-day equity market facing matters. Timothy is a principal of Stratford Advisory Group providing independent financial advice to Australian and international corporations. Timothy is currently the chair of Breville Group Ltd and the lead independent Director of Premier Investments Ltd.
    Ms Sarah Jane Brennan Non-Executive Director Feb 2024
    Ms Brennan brings over 30 years of experience as a senior executive and non-executive in the financial services industry platforms, superannuation, financial planning, life insurance, private client advisory, broking, banking and mortgages. Sarah is currently a Non-Executive Director of Noble Oak Life Insurance Limited (ASX:NOL). Sarah was previously a Non-Executive Director of AMP Superannuation Pty Limited, N.M. Superannuation Pty Ltd, ASX listed Mortgage Choice Limited, BLSSR Pty Ltd (NAB Subsidiary), the Financial Advice Centre Pty Ltd, Old Mutual Australia/Skandia Australia, Van Eyk Research Pty Ltd and a past Deputy Chair and Director of the Financial Planning Association of Australi.
    Ms Sally Margaret Freeman Non-Executive Director Oct 2019
    Ms Freeman executive career comprised over 30 years of experience in the accounting and consultancy industries culminating in several leadership roles with KPMG: Global Executive - Risk Consulting Services, Australia Managing Partner Risk Consulting, Partner in Charge Board Advisory and Managing Partner Internal Audit. She is currently a Director of Regional Investment Corporation, Eastern Health, Melbourne Football Club and Regis Aged Care, Suburban Rail Link Authority and Aioi Nissay Dowa Insurance Company Australia. She is a member of the CRMC, NSS Audit Risk and Compliance Committee and NSS Superannuation Investment Committee.
    Ms Kate Temby Non-Executive Director Feb 2021
    Ms Temby is a Managing Director with Metlife Investment Management. Kate is a member of the Investment Committee for Conscious Investment Management (a private equity impact fund), Melbourne Grammar School and was a Board member of Melbourne Girls Grammar and Chair of the Marketing Committee from January 2016 to September 2020. She was formerly a partner with Affirmative Investment Management, a MD at Goldman Sachs, and Co-Head of Asia Pacific Ex-Japan Asset Management Institutional Sales. Prior to this, Kate was a Consultant in Financial Risk Management at Price Waterhouse (now PwC). She is a member of Compliance and Risk Management Committee. She is the Chair of the People and Corporate Sustainability Committee and NIL Investment Committee.
    Mr Grant Boyle Chief Financial OfficerJoint Company Secretary
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    Ms Rachel Axton General Manager - Legal Risk and ComplianceJoint Company Secretary
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    Mr Stephen Masterman Joint Company Secretary Dec 2022
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    Grant Boyle Chief Financial OfficerJoint Company Secretary
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    John Hanrahan Chief Information Officer
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    Shanyn Payne Chief People Officer
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    Jodie Henson Chief Risk Officer
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    Rachel Axton General Manager - Legal Risk and ComplianceJoint Company Secretary
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    David Sutherland General Manager Investment Operations and Managed Accounts
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    Matt West General Manager Product and Strategy
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    Damian Holland General Manager Sales and Distributions
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    Alistair Densley General Manager Transformation and Special Projects
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    Amanda Atkinson General Administration and Support
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    Stephen Masterman Head of Legal and Joint Company Secretary
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    Stephen Masterman Joint Company Secretary
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    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Heine Brothers Pty Ltd 106,904,990 43.83%
    HSBC Custody Nominees (Australia) Limited 33,276,786 13.64%
    J P Morgan Nominees Australia Pty Limited 17,908,827 7.34%
    Leslie Max Heine Pty Ltd <ATF The LMH Trust> 17,309,465 7.10%
    Citicorp Nominees Pty Limited 16,049,532 6.58%
    Netwealth Investments Limited <Wrap Services A/C> 12,673,881 5.20%
    BNP Paribas Noms Pty Ltd <Drp> 6,444,547 2.64%
    National Nominees Limited 5,208,183 2.14%
    Australian Foundation Investment Company Limited 3,489,034 1.43%
    BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 1,804,892 0.74%
    Netwealth Investments Limited <Super Services A/C> 1,714,427 0.70%
    HSBC Custody Nominees (Australia) Limited i 1,528,052 0.63%
    Mirrabooka Investments Ltd 939,500 0.39%
    Sandhurst Trustees Ltd <Harper Bernays Ltd A/C> 843,855 0.35%
    BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> 806,331 0.33%
    Amcil Limited 524,000 0.21%
    Asset Plus Pty Limited <ATF The Headline Investments Trust> 467,670 0.19%
    Djerriwarrh Investments Limited 384,000 0.16%
    BNP Paribas Nominees (NZ) Ltd 350,933 0.14%
    Truebell Capital Pty Ltd <Truebell Investment Fund> 290,000 0.12%

    Profile

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