Netwealth Group Ltd (ASX: NWL) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
-
1 Year Return
Netwealth Group Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar.
Market Cap
$3.85 billion
P/E Ratio
73.53
Dividend Yield
1.08%
Shares Outstanding
243.80 million
Earnings per share
0.213
Dividend per share
0.18
Year To Date Return
-1.31%
Earnings Yield
1.36%
Franking
100%
Share Price
Day Change
52 Week Range
-
Yesterday's Close
Today's Open
Days Range
-
Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Netwealth Group Ltd (ASX: NWL)
Latest News
Technology Shares
2 quality ASX 200 tech shares that might be buys
Share Market News
These ASX 200 CEOs have the most wealth tied up in their companies
ASX Shares
These ASX 200 shares are the most tightly held by individual insiders
Broker Notes
Top brokers name 3 ASX shares to sell today
Broker Notes
Top brokers name 3 ASX shares to buy next week
Share Market News
5 things to watch on the ASX 200 on Friday
Share Gainers
Netwealth (ASX:NWL) share price up 5% on quarterly update
Broker Notes
Top brokers name 3 ASX shares to sell next week
Dividend Payment History Data provided by Morningstar.
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| 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 | $0.0518 | 100.00% | 27 Sep 2018 | |
| 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About Netwealth Group Ltd
Netwealth Group Ltd (ASX:NWL) is an Australian fintech company that was founded in 1999. The company prides itself on its entrepreneurial spirit and aims to be an innovator of the financial services sector.
Netwealth is a superannuation fund but also regards itself as a technology company. It provides a range of investment and wealth management products and services. These include investment management tools, superannuation management platforms, administrative tools and managed account solutions.
Netwealth primarily targets wealth management professionals but also works directly with personal investors. The company boasts more than 75,000 account holders and over $25 billion in funds under management and administration. Netwealth has over 300 employees throughout Australia and works with more than 2,500 wealth advisor clients.
Netwealth listed on the ASX on 20 November 2017 to spectacular success. On its ASX debut, Netwealth shares were issued at $3.70 and, within hours of launch, the Netwealth share price had risen to $5.11. Since then, Netwealth shares have continued to perform well, reaching levels above $14 in 2020.
NWL Share Price History Data provided by Morningstar.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 03 Aug 2021 | $15.78 | $0.08 | 0.51% | 142,674 | $15.61 | $15.91 | $15.61 |
| 02 Aug 2021 | $15.70 | $0.06 | 0.38% | 132,777 | $15.83 | $15.93 | $15.61 |
| 30 Jul 2021 | $15.64 | $0.47 | 3.10% | 333,889 | $15.24 | $15.77 | $15.19 |
| 29 Jul 2021 | $15.17 | $0.17 | 1.13% | 364,388 | $14.95 | $15.19 | $14.84 |
| 28 Jul 2021 | $15.00 | $-1.07 | -6.66% | 542,341 | $15.98 | $16.06 | $14.97 |
| 27 Jul 2021 | $16.07 | $-0.04 | -0.25% | 134,309 | $16.07 | $16.23 | $15.93 |
| 26 Jul 2021 | $16.11 | $-0.02 | -0.12% | 142,429 | $16.14 | $16.18 | $15.94 |
| 23 Jul 2021 | $16.13 | $-0.08 | -0.49% | 107,818 | $16.14 | $16.25 | $16.00 |
| 22 Jul 2021 | $16.21 | $0.04 | 0.25% | 267,309 | $16.21 | $16.36 | $16.06 |
| 21 Jul 2021 | $16.17 | $-0.23 | -1.40% | 182,901 | $16.63 | $16.63 | $16.17 |
| 20 Jul 2021 | $16.40 | $-0.07 | -0.43% | 294,340 | $16.47 | $16.52 | $16.20 |
| 19 Jul 2021 | $16.47 | $-0.32 | -1.91% | 194,544 | $16.58 | $16.68 | $16.37 |
| 16 Jul 2021 | $16.79 | $-0.16 | -0.94% | 396,113 | $16.80 | $16.89 | $16.52 |
| 15 Jul 2021 | $16.95 | $0.66 | 4.05% | 598,259 | $16.17 | $16.95 | $16.10 |
| 14 Jul 2021 | $16.29 | $0.15 | 0.93% | 499,978 | $16.30 | $16.45 | $16.20 |
| 13 Jul 2021 | $16.14 | $-0.04 | -0.25% | 159,909 | $16.49 | $16.49 | $16.13 |
| 12 Jul 2021 | $16.18 | $0.15 | 0.94% | 295,514 | $16.50 | $16.50 | $16.10 |
| 09 Jul 2021 | $16.03 | $-0.27 | -1.66% | 561,258 | $16.10 | $16.28 | $15.78 |
| 08 Jul 2021 | $16.30 | $0.29 | 1.81% | 464,384 | $16.75 | $16.81 | $16.14 |
| 07 Jul 2021 | $16.01 | $0.07 | 0.44% | 387,972 | $15.86 | $16.06 | $15.60 |
| 06 Jul 2021 | $15.94 | $-0.31 | -1.91% | 431,039 | $16.19 | $16.38 | $15.90 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 29 Mar 2021 | Sally Freeman | Buy | 9 | $126,000 |
On-market trade.
|
| 26 Mar 2021 | Timothy Antonie | Buy | 5 | $70,350 |
On-market trade.
|
| 25 Feb 2021 | Sally Freeman | Buy | 500 | $7,263 |
On-market trade.
|
| 19 Feb 2021 | Timothy Antonie | Sell | 75 | $1,147,500 |
Off-market trade.
|
| 19 Feb 2021 | Davyd Lewis | Sell | 87 | $1,338,750 |
Off-market trade.
|
| 19 Feb 2021 | Matthew (Matt) Heine | Sell | 500 | $7,650,000 |
Off-market trade.
|
| 15 Feb 2021 | Davyd Lewis | Exercise | 175 | $82,495 |
Conversion of securities.
|
| 15 Feb 2021 | Davyd Lewis | Buy | 175 | $82,495 |
Conversion of securities.
|
| 15 Feb 2021 | Timothy Antonie | Buy | 175 | $82,495 |
Conversion of securities.
|
| 15 Feb 2021 | Timothy Antonie | Exercise | 175 | $82,495 |
Conversion of securities.
|
| 12 Feb 2021 | Matthew (Matt) Heine | Buy | 1 | $659,960 |
Conversion of securities. As per announcement on 19/02/2021.
|
| 12 Feb 2021 | Matthew (Matt) Heine | Exercise | 1 | $659,960 |
Conversion of securities.
|
| 26 Aug 2020 | Matthew (Matt) Heine | Sell | 5 | $76,450,000 |
Off-market trade. As per announcement on 26/08/2020.
|
| 26 Aug 2020 | Matthew (Matt) Heine | Sell | 375 | $5,212,500 |
On-market trade. As per announcement on 26/08/2020.
|
| 26 Aug 2020 | Davyd Lewis | Sell | 35 | $499,979 |
On-market trade.
|
| 26 Aug 2020 | Jane Tongs | Sell | 110 | $1,532,340 |
On-market trade.
|
Directors & Management Data provided by Morningstar.
| Name | Title | Start Date | Profile |
|---|---|---|---|
| Mr Matthew (Matt) Alexander Max Heine | Joint Managing Director | Jun 2017 |
Mr Heine has experience in the sales, marketing and strategy field and has understanding of the industry and client base. In his executive capacity, Matthew has the Product, Technical, Sales and Marketing teams reporting to him.
|
| 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 & Acquisitions, Property and Construction, Dispute Resolution and Intellectual Property, National Practice Team Leader of the Mergers & Acquisitions Group. Davyd is the Chair of the Group Compliance and Risk Management Committee and the NIL Due Diligence Committee.
|
| Mr Michael Max Heine | Joint Managing Director | Jun 2017 |
Mr Heine has experience in Australian and European financial markets, including commodity trading, international financing, mortgage lending and property development. Michael was part 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). Michael is a member of NIL Investment Committee.
|
| Mr Timothy Michael Antonie | Non-Executive Director | Jun 2017 |
Mr Antonie commenced his career at Price Waterhouse (now PricewaterhouseCoopers). He worked at several investment banks, including UBS Investment Bank as a Managing Director, where he advised Australian companies in mergers, acquisitions, sales and restructures and equity transactions, as well as day-to-day equity market facing matters. Timothy is currently a director of Breville Group Limited, Premier Investments Limited, and a principal of Stratford Advisory. Timothy was previously a director of Village Roadshow Limited from November 2010 till December 2019. Timothy is a member of the Group Compliance and Risk Management Committee and NIL Investment Committee.
|
| Ms Sally Margaret Freeman | Non-Executive Director | Oct 2019 |
Ms Freeman was a partner of KPMG for 15 years until her retirement in 2019. Prior to that, she was a partner at Ernst & Young. She has over 25 years' experience as a Risk Consulting and Corporate Governance executive and was head of KPMG's National Risk Consulting Practice, advising clients in financial risk management, actuarial insurance, forensics and compliance matters. Sally is currently a director of Eastern Health and independent expert on the audit committee of Commonwealth Games Australia and Royal Children's Hospital. Sally is a member of the Group Compliance and Risk Management Committee and NIL Investment Committee.
|
| Ms Kate Temby | Non-Executive Director | Feb 2021 |
Ms Temby has financial service experience, particularly in funds management. Kate is currently a partner at Affirmative Investment Management, a global impact fixed income manager and an Investment Committee Member of Conscious Investment Management. Previously, Kate had a 17-year career with Goldman Sachs where she was a Managing Director in the asset management business. Kate has experience having worked in New York with Goldman Sachs and Toronto with PricewaterhouseCoopers. Kate will also be appointed as the Investment Committee Chair and a Member of the Compliance Risk Management and Culture committees.
|
| Mr Grant Boyle | Chief Financial OfficerJoint Company Secretary |
-
|
|
| Ms Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary |
-
|
|
| Grant Boyle | Chief Financial OfficerJoint Company Secretary |
-
|
|
| John Hanrahan | Chief Information Officer |
-
|
|
| Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary |
-
|
|
| Alistair Densley | General Manager Operations |
-
|
|
| Philip Coldwell | General Manager Product |
-
|
|
| Amanda Atkinson | Head of Investor Services |
-
|
Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| Heine Brothers Pty Ltd | 118,804,990 | 49.98% |
| Hsbc Custody Nominees (Australia) Limited | 32,174,739 | 13.54% |
| Leslie Max Heine Pty Ltd | 22,109,465 | 9.30% |
| J P Morgan Nominees Australia Pty Limited | 15,858,500 | 6.67% |
| Netwealth Investments Limited | 13,319,341 | 5.60% |
| Citicorp Nominees Pty Limited | 4,995,134 | 2.10% |
| Bnp Paribas Noms Pty Ltd | 4,299,340 | 1.81% |
| National Nominees Limited | 2,779,892 | 1.17% |
| Bnp Paribas Nominees Pty Ltd | 2,524,874 | 1.06% |
| Netwealth Investments Limited (I) | 1,968,034 | 0.83% |
| Australian Foundation Investment Company Limited | 1,100,000 | 0.46% |
| Mirrabooka Investments Ltd | 1,008,715 | 0.42% |
| BNP Paribas Nominees Pty Ltd Hub24 Custodial Sery Ltd | 953,463 | 0.40% |
| HSBC Custody Nominees (Australia) Limited (I) | 692,522 | 0.29% |
| Citicorp Nominees Pty Limited (I) | 535,013 | 0.23% |
| Asset Plus Pty Limited | 467,642 | 0.20% |
| Warbont Nominees Pty Ltd | 338,524 | 0.14% |
| HSBC Custody Nominees (Australia) Limited GSCO ECA | 280,676 | 0.12% |
| Paul O'Connor | 269,234 | 0.11% |
| Sandhurst Trustees Ltd | 261,087 | 0.11% |