What happened to Standard Life Aberdeen shares?
The firm sealed the face lift by changing its ticker today (July 5) from SLA to ABDN. Having kept the 'Standard Life' part of its name for almost 200 years, when it was established in 1825, the company merged with Aberdeen in 2017. Since the merger, shares of the combined group have fallen about 36 per cent.
Merger of Aberdeen Asset Management and Standard Life completes. The merger of Aberdeen Asset Management PLC and Standard Life plc has completed today to form Standard Life Aberdeen plc, one of the world's largest investment companies with assets under administration of £670 billion (€737 billion, US$871 billion)*.
On March 6, 2017, Standard Life Plc. and Aberdeen Asset Management Plc., two Scottish companies, announced they were merging to form Standard Life Aberdeen. Standard Life shareholders held 66.7% of the new company; the remaining amount went to Aberdeen stockholders.
The 16 analysts offering 12 month price targets for Abrdn PLC have a median target of 175.00, with a high estimate of 317.00 and a low estimate of 145.00. The median estimate represents a 17.17% increase from the last price of 149.35.
Shares in Standard Life Aberdeen have slumped almost 6% this morning after it said adjusted profit before tax fell almost 10% to £280m in the first half of the year. Net outflows shrank to £15.9bn although the group said it had achieved £234m of its £350m annual cost savings target.
Aberdeen Standard Investments Fund Performance
Our analysis of the 129 Aberdeen Standard funds identified that 15 consistently outperformed at least 75% of funds in their sectors over the past 1, 3 & 5 years, with a total of 27 of their funds receiving a strong 4 or 5-star performance ranking.
Why Are Standard Life Shares Falling? Its revenue has declined as a result of a historic reliance on “hero” funds, employees defecting to copycat products, and platforms Wrap and Elevate lagging behind.
| Day high and day low | 151.55p - 146.55p |
|---|---|
| Share volume | 6,483,659 |
| Price/book | 0.45 |
| Average volume | 6,586,454.42 |
| Beta (current) | - |
abrdn plc ("the Company") announces that Standard Life Aberdeen plc has now been renamed abrdn plc. The Company ticker will be changed from SLA to ABDN with effect from 8.00am today.
Standard Life Aberdeen has completed the change of its company name to Abrdn. The move, initially announced in April, will also see the company ticker change from SLA to ABDN.
What company took over Standard Life?
2018 - 2021
In 2018, Phoenix Group Holdings plc acquired Standard Life from Standard Life Aberdeen plc for £2.9 billion.
| Status | Type | Ex-div date |
|---|---|---|
| Declared | Interim | 18 Aug 2022 |
| Paid | Final | 07 Apr 2022 |
| Paid | Interim | 19 Aug 2021 |
| Paid | Final | 15 Apr 2021 |
This can be found on share certificates, tax vouchers or the abrdn Share Account statement. To sell your entire holding, please write 'ALL' in the box. If you only wish to sell part of your holding please write the number of shares you wish to sell.
| Open | 275p |
|---|---|
| Close | 274.1p |
| Previous close | 274.7p |
| Change | -0.6p |
| Change % | -0.2184% |
| Day high and day low | 151.55p - 146.55p |
|---|---|
| Price/earning ratio | 5.37 |
| Exchange market size | 10,000 |
| Share volume | 6,483,659 |
| Price/book | 0.45 |
It is the largest active asset manager in the UK, with investments in equities, multi-asset, fixed income, liquidity, sovereign wealth funds, real estate and private markets. In July 2021 the company changed its name from Standard Life Aberdeen to abrdn.
2018 - 2021
In 2018, Phoenix Group Holdings plc acquired Standard Life from Standard Life Aberdeen plc for £2.9 billion. In May 2021, Phoenix Group acquired the 'Standard Life' brand and in July 2021 Aberdeen Standard Life Group companies rebranded as 'abrdn'.
Why Are Standard Life Shares Falling? Its revenue has declined as a result of a historic reliance on “hero” funds, employees defecting to copycat products, and platforms Wrap and Elevate lagging behind.
