Netwealth Group Ltd (ASX: NWL) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
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1 Year Return
Netwealth Group Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar.
Market Cap
$3.64 billion
P/E Ratio
60.98
Dividend Yield
1.42%
Shares Outstanding
243.89 million
Earnings per share
0.243
Dividend per share
0.22
Year To Date Return
22.98%
Earnings Yield
1.64%
Franking
100%
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Netwealth Group Ltd (ASX: NWL)
Latest News
Share Gainers
‘Key growth catalyst’: 2 ASX 200 shares ready to take off
Broker Notes
5 for 5: Classic long-term ASX 200 shares to buy and hold for the next half-decade
52-Week Highs
6 ASX All Ords shares smashing new 52-week highs today
Investing Strategies
Golden forgotten metric: The ASX 200 shares that rank highest
Share Market News
Here are the top 10 ASX 200 shares today
Share Gainers
Here are the top 10 ASX 200 shares today
Financial Shares
Why did Netwealth shares tumble 9% today following its record quarter?
Share Fallers
Why Melbana Energy, Netwealth, Smartpay, and Tyro shares are falling today
Share Gainers
Why Alliance Aviation, Megaport, Netwealth, and Vulcan shares are storming higher
52-Week Highs
8 ASX 300 shares rocking new 52-week highs on Thursday
Financial Shares
Netwealth share price surges 7% on record quarter
Share Gainers
Here are the top 10 ASX 200 shares today
Frequently Asked Questions
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Yes, Netwealth has historically paid two fully franked dividends a year.
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Netwealth generally pays its shareholder dividends in March and September.
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Netwealth Group Ltd listed on the ASX on 20 November 2015.
Dividend Payment History Data provided by Morningstar.
| Ex-Date | Amount | Franking | Type | Payable |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| 10 Aug 2023 | $14.92 | $0.15 | 1.02% | 275,394 | $14.45 | $14.95 | $14.45 |
| 09 Aug 2023 | $14.77 | $0.16 | 1.10% | 180,278 | $14.54 | $14.77 | $14.52 |
| 08 Aug 2023 | $14.61 | $0.09 | 0.62% | 215,184 | $14.58 | $14.70 | $14.52 |
| 07 Aug 2023 | $14.52 | $0.05 | 0.35% | 175,544 | $14.49 | $14.58 | $14.38 |
| 04 Aug 2023 | $14.47 | $0.07 | 0.49% | 222,166 | $14.33 | $14.51 | $14.20 |
| 03 Aug 2023 | $14.40 | $-0.15 | -1.03% | 334,596 | $14.48 | $14.48 | $14.05 |
| 02 Aug 2023 | $14.55 | $-0.39 | -2.61% | 270,433 | $14.73 | $14.79 | $14.40 |
| 01 Aug 2023 | $14.94 | $-0.22 | -1.45% | 350,254 | $15.16 | $15.17 | $14.83 |
| 31 Jul 2023 | $15.16 | $0.11 | 0.73% | 242,062 | $15.00 | $15.45 | $15.00 |
| 28 Jul 2023 | $15.05 | $-0.12 | -0.79% | 298,300 | $15.32 | $15.34 | $14.74 |
| 27 Jul 2023 | $15.17 | $0.39 | 2.64% | 334,985 | $14.84 | $15.22 | $14.79 |
| 26 Jul 2023 | $14.78 | $0.02 | 0.14% | 261,197 | $14.70 | $14.88 | $14.55 |
| 25 Jul 2023 | $14.76 | $-0.01 | -0.07% | 249,172 | $14.80 | $14.93 | $14.65 |
| 24 Jul 2023 | $14.77 | $0.22 | 1.51% | 297,050 | $14.65 | $14.84 | $14.48 |
| 21 Jul 2023 | $14.55 | $0.09 | 0.62% | 197,316 | $14.52 | $14.63 | $14.24 |
| 20 Jul 2023 | $14.46 | $0.02 | 0.14% | 169,880 | $14.44 | $14.59 | $14.35 |
| 19 Jul 2023 | $14.44 | $0.18 | 1.26% | 293,771 | $14.44 | $14.66 | $14.36 |
| 18 Jul 2023 | $14.26 | $0.28 | 2.00% | 317,528 | $13.90 | $14.38 | $13.90 |
| 17 Jul 2023 | $13.98 | $0.30 | 2.19% | 339,217 | $13.78 | $14.01 | $13.46 |
| 14 Jul 2023 | $13.68 | $-0.78 | -5.39% | 629,130 | $14.02 | $14.08 | $13.20 |
| 13 Jul 2023 | $14.46 | $0.72 | 5.24% | 877,825 | $14.46 | $14.78 | $14.27 |
| 12 Jul 2023 | $13.74 | $-0.06 | -0.43% | 206,937 | $13.90 | $13.92 | $13.67 |
| 11 Jul 2023 | $13.80 | $0.46 | 3.45% | 287,269 | $13.63 | $13.80 | $13.41 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 30 Aug 2022 | Kate Temby | Buy | 3 | $38,760 |
On-market trade.
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| 25 Aug 2022 | Matthew (Matt) Heine | Sell | 5 | $74,480,000 |
Off-market trade.
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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.
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| 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.
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| 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.
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| 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.
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| Ms Sally Margaret Freeman | Non-Executive Director | Oct 2019 |
Ms Freeman has over 30 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.
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| 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.
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| Mr Grant Boyle | Chief Financial OfficerJoint Company Secretary |
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| Ms Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary |
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| Mr Stephen Masterman | Joint Company Secretary | Dec 2022 |
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| Grant Boyle | Chief Financial OfficerJoint Company Secretary |
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| John Hanrahan | Chief Information Officer |
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| Rachel Axton | General Manager - Legal Risk and ComplianceJoint Company Secretary |
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| Alistair Densley | General Manager - Operations |
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| Philip Coldwell | General Manager - Product |
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| Damian Holland | General Manager - Sales and Distributions |
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| Amanda Atkinson | General Manager - Service Delivery and Support |
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| Stephen Masterman | Joint Company Secretary |
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Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| Heine Brothers Pty Ltd | 112,504,990 | 46.14% |
| HSBC Custody Nominees (Australia) Limited | 34,530,586 | 14.16% |
| Leslie Max Heine Pty Ltd <ATF The LMH Trust> | 17,309,465 | 7.10% |
| J P Morgan Nominees Australia Pty Limited | 15,972,829 | 6.55% |
| Netwealth Investments Limited <Wrap Services A/C> | 13,773,494 | 5.65% |
| Citicorp Nominees Pty Limited | 12,341,913 | 5.06% |
| BNP Paribas Noms Pty Ltd <DRP> | 5,806,832 | 2.38% |
| National Nominees Limited | 3,924,782 | 1.61% |
| Australian Foundation Investment Company Limited | 3,489,034 | 1.43% |
| BNP Paribas Nominees Pty Ltd <Agency Lending DRP A/C> | 1,947,135 | 0.80% |
| Netwealth Investments Limited <Super Services A/C> | 1,756,424 | 0.72% |
| Mirrabooka Investments Ltd | 1,201,259 | 0.49% |
| BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <DRP A/C> | 1,061,059 | 0.44% |
| HSBC Custody Nominees (Australia) Limited <Nt Comnwith Super Corp A/C> | 1,016,613 | 0.42% |
| Sandhurst Trustees Ltd <Harper Bernays Ltd A/C> | 658,660 | 0.27% |
| AMCIL Limited | 559,847 | 0.23% |
| Asset Plus Pty Limited <ATF The Headline Investments Trust> | 465,696 | 0.19% |
| Truebell Capital Pty Ltd <Truebell Investment Fund> | 400,000 | 0.16% |
| Djerriwarrh Investments Limited | 384,000 | 0.16% |
| Damian Soraghan | 309,689 | 0.13% |