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
$7.30 billion
P/E Ratio
74.46
Dividend Yield
1.10%
Shares Outstanding
244.32 million
Earnings per share
0.341
Dividend per share
0.28
Year To Date Return
46.04%
Earnings Yield
1.34%
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
Share Market News
4 ASX companies that own CSL shares (and lots of them!)
Share Gainers
Here are the top 10 ASX 200 shares today
Value Investing
Don't get duped: Why cheap ASX shares can still rip you off
Share Gainers
Here are the top 10 ASX 200 shares today
Share Fallers
Why Austal, Netwealth, Perseus, and Pilbara Minerals shares are dropping
Opinions
5 ASX shares I'd buy if there is panic selling
Opinions
Underappreciated: 3 ASX shares I believe were the quiet achievers of earnings season
Share Gainers
Here are the top 10 ASX 200 shares today
Broker Notes
Wake up! Buy 5 ASX shares that are reporting season gems: Morgans
Growth Shares
7 ASX 200 growth shares to buy for possible takeovers: expert
Earnings Results
3 ASX 200 shares on the move amid strong earnings updates
Share Gainers
Why Cochlear, GUD, Netwealth, and Wesfarmers shares are charging higher
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.
| 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 21 Nov 2024 | $29.58 | $0.01 | 0.03% | 515,467 | $30.30 | $30.30 | $29.31 |
| 20 Nov 2024 | $29.57 | $-1.00 | -3.27% | 531,362 | $30.43 | $30.55 | $29.57 |
| 19 Nov 2024 | $30.57 | $0.41 | 1.36% | 375,907 | $30.14 | $30.80 | $30.05 |
| 18 Nov 2024 | $30.16 | $-0.58 | -1.89% | 223,815 | $30.87 | $30.90 | $30.04 |
| 15 Nov 2024 | $30.74 | $0.41 | 1.35% | 260,515 | $30.48 | $30.74 | $30.33 |
| 14 Nov 2024 | $30.33 | $0.48 | 1.61% | 274,651 | $29.91 | $30.47 | $29.90 |
| 13 Nov 2024 | $29.85 | $0.12 | 0.40% | 344,928 | $29.55 | $29.94 | $29.35 |
| 12 Nov 2024 | $29.73 | $-0.14 | -0.47% | 251,772 | $29.99 | $30.07 | $29.70 |
| 11 Nov 2024 | $29.87 | $0.52 | 1.77% | 322,551 | $29.60 | $30.01 | $29.46 |
| 08 Nov 2024 | $29.35 | $0.70 | 2.44% | 254,812 | $28.94 | $29.58 | $28.85 |
| 07 Nov 2024 | $28.65 | $0.03 | 0.10% | 504,228 | $29.48 | $29.69 | $28.19 |
| 06 Nov 2024 | $28.62 | $0.28 | 0.99% | 238,445 | $28.66 | $28.73 | $28.30 |
| 05 Nov 2024 | $28.34 | $0.00 | 0.00% | 289,074 | $28.20 | $28.62 | $28.09 |
| 04 Nov 2024 | $28.34 | $0.37 | 1.32% | 372,783 | $28.50 | $28.59 | $28.31 |
| 01 Nov 2024 | $27.97 | $0.28 | 1.01% | 538,661 | $27.35 | $28.16 | $27.20 |
| 31 Oct 2024 | $27.69 | $-0.07 | -0.25% | 604,978 | $27.68 | $27.95 | $27.59 |
| 30 Oct 2024 | $27.76 | $0.30 | 1.09% | 809,595 | $27.33 | $27.76 | $27.18 |
| 29 Oct 2024 | $27.46 | $-0.22 | -0.79% | 345,623 | $27.77 | $27.87 | $27.42 |
| 28 Oct 2024 | $27.68 | $0.30 | 1.10% | 213,836 | $27.30 | $27.79 | $27.20 |
| 25 Oct 2024 | $27.38 | $0.19 | 0.70% | 640,744 | $27.15 | $27.49 | $26.69 |
| 24 Oct 2024 | $27.19 | $-0.34 | -1.24% | 514,601 | $27.34 | $27.68 | $27.03 |
| 23 Oct 2024 | $27.53 | $-0.26 | -0.94% | 374,875 | $27.60 | $27.83 | $27.03 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 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 | 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.
|
| 19 Aug 2024 | Matthew (Matt) Heine | Sell | 1,000,000 | $22,500,000 |
On-market trade.
|
| 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.
| 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 |
-
|
|
| 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 |
-
|
|
| Alistair Densley | Executive General Manager Transformation and Special Projects |
-
|
|
| 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.
| 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% |
