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Netwealth Group (ASX:NWL) has an average rating of overweight and mean price target of AU$27.77, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Netwealth Group (ASX:NWL) has an average rating of overweight and mean price target of AU$27.87, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Netwealth Group's (ASX:NWL) continued strength in gross activity supports management's fiscal 2027 inflow target, Jefferies said in a Friday note.The company's fiscal fourth quarter result was "encouraging," with funds under administration up 19% year over year and MA funds under administration jumping 30%. Its funds under administration net flows were AU$3.2 billion, slightly below consensus at AU$3.4 billion.Custodial funds under administration reached AU$134.3 billion, up 20% on the prior corresponding period, although fee-paying custodial funds under administration declined 90 basis points year over year to more than 59%. Consequently, the revenue benefit from the market recovery will be diluted by tiered administration fees and fee caps.Jefferies retained its buy rating and a price target of AU$30.25 on Netwealth.Netwealth Group's shares added about 1% in recent Friday trade.
Netwealth Group's (ASX:NWL) funds under administration in the fiscal fourth quarter came in slightly under expectations, with the results showing the material impact of outflows from ultra high-net-worth clients during the period as well as slowing momentum in managed accounts funds under administration, according to a Thursday note by Jarden.It adjusted its fiscal 2027 net flow forecast to be AU$18.9 billion from AU$19 billion, reflecting a slight reduction in its custodial forecast offset by a stronger non-custodial flow forecast. It also reduced the fiscal 2027 earnings-per-share forecast by 0.7%, the fiscal 2028 forecast by 1.2%, and the fiscal 2029 forecast by 1.7%.While the firm benefits from a material private wealth opportunity, Jarden said it remained cautious on it in the near term.The investment firm retained its neutral rating on Netwealth and decreased the price target to AU$24.70 from AU$25.
Netwealth Group (ASX:NWL) reported total funds under administration (FUA) of AU$135.72 billion at the close of the June quarter, up from AU$112.79 billion in the prior corresponding period, according to a Thursday filing with the Australian bourse.Total FUA net flows for the quarter reached AU$3.24 billion, down from AU$3.77 billion in the June 2025 quarter, the filing added.The total number of accounts increased to 182,276 from 162,234, the filing added.
Netwealth Group's (ASX:NWL) agreement with Morgan Stanley Wealth Management represents the first mainstream, scale broker to adopt its architecture, and revenue contributions are expected to become clearer in time, Jefferies said in a note on Tuesday.The company expanded its existing relationship with Morgan Stanley to provide a domestic platform covering ASX-listed equities and other domestic investments, bundling execution, administration, reporting, and integrated iHIN capability into a single offering.The Morgan Stanley book skews heavily to high net worth, implying some revenue margin dilution offset by higher revenue per account.The non-custodial offering, which was launched around two years ago, is gaining traction, with around 20% of assets sitting off-platform in non-broking PW firms, pointing to an incremental reporting and admin revenue pool.The investment firm reaffirmed a buy rating on Netwealth with a AU$30.25 price target.Netwealth Group's shares tumbled 4% in recent Wednesday trade.
Client flows for financial services platforms are driven by managed account capability, as advisers prefer to pay for functionality rather than lower fees, Jarden said in a note on Tuesday, citing its five-year analysis of the sector.The investment firm said, "platform clients are relatively price inelastic," as some expensive platforms continue to attract flows due to strong features, broader investment options, adviser support, and integration.The firm added that HUB24 Limited (ASX: HUB) remained its top pick due to its competitive positioning and capability-based client growth. It preferred AMP (ASX: AMP) over Netwealth Group (ASX: NWL), as the latter continues to lag on flows amid rising costs.Jarden has a buy rating and price target of AU$110.40 for HUB24, an overweight rating and price target of AU$1.75 for AMP, and a neutral rating and price target of AU$25.70 for Netwealth.
Here are the ASX-listed companies with the biggest losses on Tuesday.ASX (ASX:ASX): -12%, AU$51.51Elevra (ASX:ELV): -7%, AU$12.75PEXA Group (ASX:PXA): -7%, AU$10.67Infratil (ASX:IFT): -5%, AU$12.29Yancoal Australia (ASX:YAL): -4%, AU$6.69Telix Pharmaceuticals (ASX:TLX): -4%, AU$12.82Challenger (ASX:CGF): -4%, AU$8.89Whitehaven Coal (ASX:WHC): -4%, AU$8.51Netwealth Group (ASX:NWL): -3%, AU$21.69Paladin Energy (ASX:PDN): -3%, AU$11.13
HUB24's (ASX:HUB) net inflows of about AU$4 billion were below the recent trend as the seven-quarter moving average is at around AU$5.1 billion, according to a Thursday Jefferies note.The company on Tuesday said its total funds under administration clocked in at AU$151.74 billion as of March 31, up 22% from the AU$124.13 billion a year earlier.The investment firm said that while the share price reaction to the trading update was "harsh," it's difficult for the stock not to disappoint, which is trading at 46 times its fiscal 2027 price-to-earnings ratio.Jefferies sees better value in Netwealth Group (ASX:NWL) and Generation Development Group (ASX:GDG), as it said that they have a three-year price-to-earnings growth ratio of about 2 times and 1.26 times, respectively, while trading at significant discounts on their fiscal 2027 price-to-earnings multiples.Jefferies kept a hold rating on Hub24 and increased its price target to AU$94 from AU$93.50.
Netwealth Group (ASX:NWL) has an average rating of overweight and mean price target of AU$28.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Netwealth Group's (ASX:NWL) funds under administration (FUA) net flows are likely to see a seasonal step-up in the fiscal fourth quarter, which would see the fiscal 2026 outcome tracking slightly ahead of its guidance range, Jarden said in a Thursday note.It raised its earnings-per-share forecasts by 0.1% for fiscal 2026, 1.5% for fiscal 2027, and 1.6% for fiscal 2028.Jarden also flagged the risk of higher cost growth due to the enforceable undertaking, regulatory scrutiny, and recent treasury consultations.The investment firm retained its neutral recommendation on Netwealth Group and raised the price target to AU$25.70 from AU$25.35.Netwealth Group's shares gained 1% in recent Friday trade.
Netwealth Group's (ASX:NWL) strong third-quarter update, ongoing demand for managed accounts and the upcoming HIN launch in July, which is expected to open a new market category, reinforce optimism about the company's forward outlook, Jefferies said in a note on Thursday.The company posted Q3 total funds under administration of AU$125.8 billion, with net inflows of AU$4 billion offsetting market declines of AU$3.7 billion.The investment firm trimmed its fiscal 2026 EPS estimates by 3% due to market volatility and slightly increased fiscal 2028 EPS estimates by 1%.However, Jefferies said the company's reiteration of 2026 guidance helped ease concerns around market volatility.Jefferies maintained a buy rating and raised its price target to AU$30.25 from AU$28.
Australian shares fell on Wednesday's close amid optimism about a US-Iran ceasefire.The S&P/ASX 200 Index fell 23.70 points, or 0.26%, to close at 8,955.The US and Iran are weighing further talks as mediation efforts continue to prevent the resumption of the conflict in the Middle East. Brent crude oil futures were steady at $95.02 per barrel. Spot gold climbed nearly 1% to $4,830.82 per ounce.On Wall Street, the Nasdaq rose 1.6%, and the S&P 500 climbed 0.8% to reach record closing highs on Wednesday. Meanwhile, the Dow Jones slid 2%.On the domestic front, Australia's seasonally adjusted unemployment rate remained at 4.3% in March, unchanged from the previous month, data from the Australian Bureau of Statistics showed. The total number of employed people increased by 17,900, bringing the total to 14.8 million.Australia's consumer inflation expectations rose by 0.7 percentage points in April to 5.9%, driven largely by a recent spike in oil prices, according to the Melbourne Institute Survey of Consumer Inflationary Expectations.In company news, Ora Banda Mining (ASX:OBM) said gold production in the March quarter rose 21% to 38,766 ounces from the December 2025 quarter, with 38,637 ounces sold and fiscal 2026 year-to-date production totaling 101,200 ounces. Its shares rose 9% on market close.Netwealth Group (ASX:NWL) reported funds under administration of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier. Its shares closed up 6%.Lastly, Viva Energy Group (ASX:VEA) requested an immediate trading halt on the Australian Securities Exchange as it prepares to announce the impact of a significant fire at its Geelong Refinery. The facility, one of only two refineries still operating in Australia, has a processing capacity of 120,000 barrels of oil per day, and it reportedly accounts for 10% of Australia's fuel supply and 50% of the fuel used in Victoria.
Netwealth Group (ASX:NWL) reported funds under administration (FUA) of about AU$125.79 billion at the close of the March quarter, up almost 21% from AU$104.08 billion at the end of the same quarter a year earlier, according to a Thursday filing with the Australian bourse.FUA net flows for the March quarter were AU$3.96 billion, compared with AU$3.51 billion a year earlier, per the filing.Meanwhile, the total number of accounts increased by more than 13% year over year to 176,675.The company's shares jumped almost 6% in recent Thursday trade.
