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 $4.27 billion
P/E Ratio 78.74
Dividend Yield 1.05%
Shares Outstanding 243.81 million
Earnings per share 0.226
Dividend per share 0.19
Year To Date Return 12.14%
Earnings Yield 1.27%
Franking 100%
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as at 24 Feb 3:44pm
Netwealth Group Ltd (ASX: NWL)
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Dividend Payment History Data provided by Morningstar.
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| 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 | $0.0518 | 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 |
|---|---|---|---|---|---|---|---|
| 22 Oct 2021 | $17.51 | $-0.18 | -1.02% | 334,376 | $17.60 | $17.71 | $17.35 |
| 21 Oct 2021 | $17.69 | $0.42 | 2.43% | 553,440 | $17.22 | $17.76 | $17.17 |
| 20 Oct 2021 | $17.27 | $-0.38 | -2.15% | 725,811 | $17.70 | $17.79 | $17.27 |
| 19 Oct 2021 | $17.65 | $0.14 | 0.80% | 587,075 | $17.79 | $17.91 | $17.50 |
| 18 Oct 2021 | $17.51 | $0.28 | 1.63% | 616,776 | $17.23 | $17.53 | $16.96 |
| 15 Oct 2021 | $17.23 | $0.71 | 4.30% | 925,752 | $17.02 | $17.34 | $16.72 |
| 14 Oct 2021 | $16.52 | $2.23 | 15.61% | 1,491,167 | $15.15 | $16.81 | $15.06 |
| 13 Oct 2021 | $14.29 | $0.21 | 1.49% | 282,431 | $14.10 | $14.36 | $14.01 |
| 12 Oct 2021 | $14.08 | $0.41 | 3.00% | 578,561 | $13.87 | $14.22 | $13.87 |
| 11 Oct 2021 | $13.67 | $-0.14 | -1.01% | 484,373 | $13.70 | $13.88 | $13.60 |
| 08 Oct 2021 | $13.81 | $0.22 | 1.62% | 657,574 | $13.50 | $13.81 | $13.26 |
| 07 Oct 2021 | $13.59 | $0.15 | 1.12% | 494,080 | $13.75 | $13.96 | $13.53 |
| 06 Oct 2021 | $13.44 | $-0.51 | -3.66% | 531,217 | $14.01 | $14.06 | $13.36 |
| 05 Oct 2021 | $13.95 | $-0.02 | -0.14% | 367,216 | $13.90 | $14.05 | $13.67 |
| 04 Oct 2021 | $13.97 | $-0.13 | -0.92% | 156,115 | $14.21 | $14.34 | $13.92 |
| 01 Oct 2021 | $14.10 | $-0.46 | -3.16% | 550,923 | $14.33 | $14.42 | $13.93 |
| 30 Sep 2021 | $14.56 | $0.18 | 1.25% | 276,016 | $14.49 | $14.63 | $14.48 |
| 29 Sep 2021 | $14.38 | $-0.57 | -3.81% | 339,531 | $14.70 | $14.70 | $14.25 |
| 28 Sep 2021 | $14.95 | $-0.31 | -2.03% | 137,315 | $15.20 | $15.23 | $14.95 |
| 27 Sep 2021 | $15.26 | $-0.17 | -1.10% | 392,888 | $15.55 | $15.56 | $15.15 |
| 24 Sep 2021 | $15.43 | $0.22 | 1.45% | 284,582 | $15.35 | $15.50 | $15.22 |
| 23 Sep 2021 | $15.21 | $0.37 | 2.49% | 315,817 | $14.78 | $15.24 | $14.64 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 24 Aug 2021 | Matthew (Matt) Heine | Sell | 5 | $84,560,000 | Off-market trade. |
| 24 Aug 2021 | Michael Heine | Sell | 5 | $84,560,000 | Off-market trade. |
| 23 Aug 2021 | Davyd Lewis | Sell | 32 | $499,998 | On-market trade. |
| 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 | Matthew (Matt) Heine | Sell | 500 | $7,650,000 | Off-market trade. |
| 19 Feb 2021 | Davyd Lewis | Sell | 87 | $1,338,750 | Off-market trade. |
| 15 Feb 2021 | Timothy Antonie | Buy | 175 | $82,495 | Conversion of securities. |
| 15 Feb 2021 | Timothy Antonie | Exercise | 175 | $82,495 | Conversion of securities. |
| 15 Feb 2021 | Davyd Lewis | Exercise | 175 | $82,495 | Conversion of securities. |
| 15 Feb 2021 | Davyd Lewis | Buy | 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. |
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 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. 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 and responsibility for supervising the relationship with 50 of the firm's biggest clients. Davyd is a member of the Nomination Committee. Davyd is the Chair of the Group Compliance and Risk Management Committee, the Group Remuneration and Culture Committee, the NSS Audit Risk and Compliance 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 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). 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 Pricewaterhouse Coopers) and subsequently worked at several investment banks, including UBS Investment Bank as a Managing Director, where he advised major Australian companies in large scale mergers, acquisitions, sales and restructures and equity transactions, as well as day-to-day equity market facing matters. Timothy is now a principal of Stratford Advisory Group providing independent financial advice to Australian and international corporations. Timothy is currently a director of Breville Group Limited and Premier Investments Limited. Timothy was previously a director of Village Roadshow Limited from November 2010 until December 2019. Timothy is a member of the Culture Committee and the Netwealth Investments Limited (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 holds a Bachelor of Commerce, is a member of the Australian Institute of Chartered Accountants, the Australian Institute of Company Directors and Chief Executive Women. Sally is currently a director of Regional Investment Corporation, Eastern Health and independent expert on the audit committee of Commonwealth Games Australia, Caulfield Grammar and HealthShare Victoria. Sally is a member of the Group Compliance and Risk Management Committee and Culture Committee, NSS Audit Risk and Compliance Committee and NSS Superannuation Investment Committee. |
| Ms Kate Temby | Non-Executive Director | Feb 2021 | Mr Temby has worked in global roles as a Managing Director at Goldman Sachs Asset Management and a Consultant at PwC. Kate is currently a partner with Affirmative Investment Management, member of Investment Committees for Conscious Investment Management and Melbourne Grammar School. Kate is a member of the Group Compliance and Risk Management Committee, Group Remuneration and Culture Committee. Kate is the Chair of the NIL Investment Committee. |
| 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 | - | |
| Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary | - |
Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| Heine Brothers Pty Ltd | 115,304,990 | 47.29% |
| HSBC Custody Nominees (Australia) Limited | 33,304,289 | 13.66% |
| Leslie Max Heine Pty Ltd <ATF The LMH Trust> | 20,109,465 | 8.25% |
| J P Morgan Nominees Australia Pty Limited | 17,437,870 | 7.15% |
| Netwealth Investments Limited <Wrap Services A/C> | 15,460,837 | 6.34% |
| Citicorp Nominees Pty Limited | 9,452,186 | 3.88% |
| BNP Paribas Noms Pty Ltd <Drp> | 3,967,270 | 1.63% |
| National Nominees Limited | 3,578,404 | 1.47% |
| BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> | 2,438,652 | 1.00% |
| Australian Foundation Investment Company Limited | 2,090,010 | 0.86% |
| Netwealth Investments Limited <Super Services A/C> | 1,999,973 | 0.82% |
| Mirrabooka Investments Ltd | 981,215 | 0.40% |
| Warbont Nominees Pty Ltd <Unpaid Entrepot A/C> | 873,210 | 0.36% |
| BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> | 652,199 | 0.27% |
| Asset Plus Pty Limited <ATF The Headline Investments Trust> | 467,642 | 0.19% |
| Citicorp Nominees Pty Limited <Colonial First State Inv A/C> | 439,832 | 0.18% |
| HSBC Custody Nominees (Australia) Limited <NT Comnwlth Super Corp A/C> | 398,357 | 0.16% |
| Djerriwarrh Investments Limited | 384,000 | 0.16% |
| Truebell Capital Pty Ltd <Truebell Investment Fund> | 376,550 | 0.15% |
| Damian Soraghan | 312,874 | 0.13% |