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 $7.03 billion
P/E Ratio 82.43
Dividend Yield 1.00%
Shares Outstanding 244.78 million
Earnings per share 0.341
Dividend per share 0.28
Year To Date Return 84.35%
Earnings Yield 1.21%
Franking 100%
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as at 24 Feb 3:44pm

  • Netwealth Group Ltd (ASX: NWL)
    Latest News

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    Netwealth (ASX:NWL) share price drops 5% on FY21 earnings

    The financial services giant's share price has taken an early hit after the company reported its FY21 earnings today.

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    Netwealth Group will deliver its full 2021 financial year results tomorrow.

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    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
    26 Aug 2024 $0.1400 100.00% Final 26 Sep 2024
    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
    23 Dec 2024 $28.70 $0.59 2.10% 406,861 $28.21 $28.72 $28.18
    20 Dec 2024 $28.11 $-0.20 -0.71% 552,589 $28.27 $28.44 $28.02
    19 Dec 2024 $28.31 $-0.63 -2.18% 709,552 $28.03 $28.46 $27.58
    18 Dec 2024 $28.94 $-0.24 -0.82% 378,066 $28.93 $29.36 $28.65
    17 Dec 2024 $29.18 $0.28 0.97% 418,853 $29.00 $29.18 $28.81
    16 Dec 2024 $28.90 $-0.17 -0.58% 321,715 $28.97 $29.24 $28.51
    13 Dec 2024 $29.07 $0.32 1.11% 402,037 $28.08 $29.27 $28.03
    12 Dec 2024 $28.75 $0.01 0.03% 484,211 $29.10 $29.33 $28.64
    11 Dec 2024 $28.74 $-0.26 -0.90% 537,046 $29.01 $29.03 $28.47
    10 Dec 2024 $29.00 $-1.12 -3.72% 595,602 $29.97 $30.10 $28.89
    09 Dec 2024 $30.12 $-0.33 -1.08% 292,394 $30.31 $30.74 $30.09
    06 Dec 2024 $30.45 $-0.38 -1.23% 198,129 $30.53 $30.99 $30.40
    05 Dec 2024 $30.83 $0.05 0.16% 441,752 $30.91 $31.33 $30.70
    04 Dec 2024 $30.78 $0.44 1.45% 316,180 $29.82 $30.89 $29.77
    03 Dec 2024 $30.34 $1.09 3.73% 435,946 $29.63 $30.46 $29.53
    02 Dec 2024 $29.25 $-1.54 -5.00% 568,916 $30.79 $30.80 $29.19
    29 Nov 2024 $30.79 $0.33 1.08% 260,768 $30.21 $30.86 $30.00
    28 Nov 2024 $30.46 $0.42 1.40% 315,598 $30.12 $30.87 $30.12
    27 Nov 2024 $30.04 $-0.08 -0.27% 361,521 $30.42 $30.42 $29.66
    26 Nov 2024 $30.12 $-0.12 -0.40% 244,709 $30.30 $30.56 $29.96
    25 Nov 2024 $30.24 $0.41 1.37% 452,484 $30.00 $30.38 $29.85

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    21 Nov 2024 Matthew (Matt) Heine Sell 1,104,990 $32,044,710
    On-market trade.
    21 Nov 2024 Michael Heine Sell 1,104,990 $32,044,710
    On-market trade.
    16 Oct 2024 Davyd Lewis Sell 17,750 $499,990
    On-market trade.
    14 Oct 2024 Matthew (Matt) Heine Sell 47,790 $1,300,212
    On-market trade.
    11 Oct 2024 Matthew (Matt) Heine Sell 22,132 $597,564
    On-market trade.
    11 Oct 2024 Matthew (Matt) Heine Sell 1,077,868 $29,102,436
    On-market trade.
    11 Oct 2024 Matthew (Matt) Heine Sell 510,671 $14,043,052
    On-market trade.
    11 Oct 2024 Michael Heine Sell 1,100,000 $29,700,000
    On-market trade. As per announcement on 15-10-2024
    03 Sep 2024 Sarah Brennan Buy 2,210 $49,968
    On-market trade.
    22 Aug 2024 Sally Freeman Buy 936 $21,546
    On-market trade.
    19 Aug 2024 Matthew (Matt) Heine Sell 1,000,000 $22,500,000
    On-market trade.
    19 Aug 2024 Matthew (Matt) Heine Exercise 22,132 $505,052
    Conversion of securities. 71,707 Rights
    19 Aug 2024 Matthew (Matt) Heine Buy 22,132 $505,052
    Cancellation of securities.
    15 Aug 2024 Davyd Lewis Sell 22,948 $499,967
    On-market trade.
    14 Aug 2024 Kate Temby Buy 2,000 $41,400
    On-market trade.
    04 Apr 2024 Timothy Antonie Sell 45,000 $913,982
    On-market trade.
    04 Apr 2024 Michael Heine Sell 1,500,000 $29,775,000
    On-market trade.
    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.

    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's role and experience in the sales, marketing and strategy field brings a firsthand understanding of the industry and client base. Matthew 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 & Acquisitions, Property and Construction, Dispute Resolution and Intellectual Property, National Practice Team Leader of the Mergers & Acquisitions Group. Davyd is the Chair of the Compliance and Risk Management Committee and the Remuneration Committee and a member of the Nomination 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, NSS Audit 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). He subsequently worked at several investment banks, including at UBS Investment Bank as a Managing Director, where he advised major Australian companies in large scale mergers, acquisitions, sales and restructures and equity transactions and day-to-day equity market facing matters. Timothy is Chair of the Nomination Committee and Member of People and Corporate Sustainability Committee, and the Netwealth Investments Limited (NIL) Investment Committee.
    Ms Sarah Jane Brennan Non-Executive Director Feb 2024
    Ms Brennan was formerly a non-executive director at AMP Superannuation. Sarah founded and was Managing Partner of Comparator Business Benchmarking, a leading provider of benchmarking to Australian financial services market. Sarah was also the founder of The Private Collection Australia and a past Deputy Chair and Director of the Financial Planning Association of Australia. Sarah was appointed as a member of the the NIL Investment Committee, NSS Audit Risk and Compliance Committee and NSS Superannuation Investment Committee from February 2024.
    Ms Sally Margaret Freeman Non-Executive Director Oct 2019
    Mr Freeman was a partner at KPMG for 15 years and her executive career focused on accounting, governance and risk consultancy culminating in a few leadership roles with KPMG: Global Executive- Risk Consulting Services, Australia Managing Partner Risk Consulting, Partner in Charge Board Advisory and Managing Partner Internal Audit. Sally is a member of the Compliance and Risk Management Committee, Remuneration Committee, Nomination Committee, NSS Audit Risk and Compliance Committee and NSS Superannuation Investment Committee.
    Ms Kate Temby Non-Executive Director Feb 2021
    Ms Temby was formerly a Board member of Melbourne Girls Grammar and a Partner at Affirmative Investment Management. Kate has worked in New York and Toronto in her roles as a Managing Director at Goldman Sachs and as a Consultant at Price Waterhouse (now PwC). She is a Managing Director with Metlife Investment Management, a Director of Conscious Investment Management. Kate is the Chair of the People & Corporate Sustainability Committee and NIL Investment Committee. Kate is also a member of the Compliance and Risk Management Committee and the Nomination Committee.
    Mr Grant Boyle Chief Financial OfficerJoint Company Secretary
    -
    Ms Rachel Axton General Manager - Legal Risk and ComplianceJoint Company Secretary
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    Mr Stephen Masterman Joint Company Secretary Dec 2022
    -
    Grant Boyle Chief Financial OfficerJoint Company Secretary
    -
    John Hanrahan Chief Information Officer
    -
    Shanyn Payne Chief People Officer
    -
    Jodie Henson Chief Risk Legal and Governance Officer and Joint Company Secretary
    -
    Damian Holland Executive General Manager - Sales & Distributions
    -
    Amanda Atkinson Executive General Manager -Service Administration & Support
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    Alistair Densley Executive General Manager Transformation and Special Projects
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    David Sutherland Executive General Manager Investment Operations and Managed Accounts
    -
    Matt West Executive Manager - Product and Marketing
    -
    Rachel Axton General Manager - Legal Risk and ComplianceJoint Company Secretary
    -
    Stephen Masterman Joint Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Heine Brothers Pty Ltd 102,104,990 41.84%
    HSBC Custody Nominees (Australia) Limited 37,107,597 15.21%
    J P Morgan Nominees Australia Pty Limited 23,902,863 9.79%
    Citicorp Nominees Pty Limited 21,586,749 8.85%
    Leslie Max Heine Pty Ltd <ATF The LMH Trust> 14,508,265 5.95%
    Netwealth Investments Limited <Wrap Services A/C> 11,176,320 4.58%
    Australian Foundation Investment Company Limited 3,489,034 1.43%
    National Nominees Limited 3,236,721 1.33%
    BNP Paribas Noms Pty Ltd <DRP> 3,076,585 1.26%
    BNP Paribas Nominees Pty Ltd <Agency Lending DRP A/C> 2,386,799 0.98%
    Netwealth Investments Limited <Super Services A/C> 1,457,621 0.60%
    HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 1,364,924 0.56%
    BNP Paribas Nominees Pty Ltd <Hub24 Custodial Serv Ltd <DRP A/C> 854,152 0.35%
    Palm Beach Nominees Pty Ltd 645,613 0.26%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 593,705 0.24%
    Mirrabooka Investments Ltd 550,162 0.23%
    Ubs Nominees Pty Ltd 448,400 0.18%
    Amcil Limited 437,200 0.18%
    Asset Plus Pty Ltd <The Headline Investments A/C) 424,573 0.17%
    Neweconomy Com AU Nominees Pty Ltd <900 Account> 421,850 0.17%

    Profile

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