The Perpetual Limited (ASX: PPT) share price just hit a new all-time high of $55.49.
Shares of the Australian fund management company are up 32% in the past year, and 135% over the past 5 years.
According to Google Finance, Perpetual Limited is a financial services company. The Company's principal activities include funds management, portfolio management, financial planning, trustee, responsible entity and compliance services, executor services, investment administration and custody services.
Its segments include Perpetual Investments, Perpetual Private and Perpetual Corporate Trust. The Perpetual Investments segment is a manufacturer of financial products, management and investment of monies on behalf of private, corporate, superannuation and institutional clients. The Perpetual Private segment provides a range of investment and non-investment products and services. The Perpetual Corporate Trust segment provides fiduciary services incorporating safe-keeping and recording of assets and transactions as custodian, responsible entity services, and similar.
Shares have risen after the company announced 8% growth in profits for the full year to 31 December 2016, despite a modest decline in total Funds Under Management (FUM).
At a price of $55.49, Perpetual is priced at an estimated 19 times earnings and pays a 4.7% trailing dividend.
