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Virgin Money Holdings (UK)

LSE:VM.
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VM.
LSE
£2B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. The last earnings update was 81 days ago. More info.


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VM. Share Price and Events
Price Volatility
VM.
Industry
5yr Volatility vs Market

VM. Value

 Is Virgin Money Holdings (UK) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Virgin Money Holdings (UK) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Virgin Money Holdings (UK).

LSE:VM. Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= £4.11 * 9.8%
£0.40
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. £4.11
Discount Rate (Cost of Equity) See below 8.3%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:VM.
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 8.6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.48
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.476 (1 + (1- 19%) (191.8%))
0.709
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.4% + (0.8 * 8.6%)
8.28%

Discounted Cash Flow Calculation for LSE:VM. using Excess Returns Model Model

The calculations below outline how an intrinsic value for Virgin Money Holdings (UK) is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:VM. Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.8% – 8.28%) * £4.11)
£0.06
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.06 / (8.28% - 1.4%)
£0.93
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £4.11 + £0.93
£5.05
LSE:VM. Discount to Share Price
Calculation Result
Value per share (GBP) From above. £5.05
Current discount Discount to share price of £3.49
= -1 x (£3.49 - £5.05) / £5.05
30.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Virgin Money Holdings (UK) is available for.
Intrinsic value
31%
Share price is £3.49 vs Future cash flow value of £5.05
Current Discount Checks
For Virgin Money Holdings (UK) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Virgin Money Holdings (UK)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Virgin Money Holdings (UK)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Virgin Money Holdings (UK)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Virgin Money Holdings (UK)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:VM. PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.38
LSE:VM. Share Price ** LSE (2018-10-12) in GBP £3.49
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.14x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 813 Publicly-Listed Companies 16.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Virgin Money Holdings (UK).

LSE:VM. PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:VM. Share Price ÷ EPS (both in GBP)

= 3.49 ÷ 0.38

9.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Virgin Money Holdings (UK) is good value based on earnings compared to the GB Banks industry average.
  • Virgin Money Holdings (UK) is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Virgin Money Holdings (UK)'s expected growth come at a high price?
Raw Data
LSE:VM. PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
-2.9%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.64x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 577 Publicly-Listed Companies 1.35x

*Line of best fit is calculated by linear regression .

LSE:VM. PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.08x ÷ -2.9%

-3.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Virgin Money Holdings (UK) earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Virgin Money Holdings (UK)'s assets?
Raw Data
LSE:VM. PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £4.20
LSE:VM. Share Price * LSE (2018-10-12) in GBP £3.49
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,336 Publicly-Listed Companies 1.63x
LSE:VM. PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:VM. Share Price ÷ Book Value per Share (both in GBP)

= 3.49 ÷ 4.20

0.83x

* Primary Listing of Virgin Money Holdings (UK).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Virgin Money Holdings (UK) is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Virgin Money Holdings (UK)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Virgin Money Holdings (UK) has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VM. Future Performance

 How is Virgin Money Holdings (UK) expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Virgin Money Holdings (UK) expected to grow at an attractive rate?
  • Virgin Money Holdings (UK)'s earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.4%.
Growth vs Market Checks
  • Virgin Money Holdings (UK)'s earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • Virgin Money Holdings (UK)'s revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:VM. Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:VM. Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts -2.9%
LSE:VM. Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 5.5%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.2%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:VM. Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:VM. Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 798 167 2
2020-12-31 741 161 10
2019-12-31 701 151 10
2018-12-31 684 179 4
LSE:VM. Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 622 -5,582 170
2018-03-31 620 -4,908 169
2017-12-31 619 -4,235 167
2017-09-30 599 -2,420 156
2017-06-30 580 -605 146
2017-03-31 562 -2,799 138
2016-12-31 544 -4,992 130
2016-09-30 533 -4,218 128
2016-06-30 522 -3,445 126
2016-03-31 507 -3,460 114
2015-12-31 492 -3,475 101
2015-09-30 479 -2,986 77

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Virgin Money Holdings (UK)'s earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Virgin Money Holdings (UK)'s revenue is expected to grow by 5.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:VM. Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Virgin Money Holdings (UK) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:VM. Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.38 0.39 0.36 2.00
2020-12-31 0.36 0.42 0.33 10.00
2019-12-31 0.33 0.40 0.30 10.00
2018-12-31 0.39 0.44 0.36 8.00
LSE:VM. Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.38
2018-03-31 0.38
2017-12-31 0.38
2017-09-30 0.35
2017-06-30 0.33
2017-03-31 0.31
2016-12-31 0.29
2016-09-30 0.29
2016-06-30 0.28
2016-03-31 0.26
2015-12-31 0.23
2015-09-30 0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Virgin Money Holdings (UK) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Virgin Money Holdings (UK)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Virgin Money Holdings (UK) has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VM. Past Performance

  How has Virgin Money Holdings (UK) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Virgin Money Holdings (UK)'s growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Virgin Money Holdings (UK) has delivered over 20% year on year earnings growth in the past 5 years.
  • Virgin Money Holdings (UK)'s 1-year earnings growth is less than its 5-year average (16.9% vs 29.4%)
  • Virgin Money Holdings (UK)'s earnings growth has not exceeded the GB Banks industry average in the past year (16.9% vs 69.9%).
Earnings and Revenue History
Virgin Money Holdings (UK)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Virgin Money Holdings (UK) Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:VM. Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 622.00 170.20 314.90
2018-03-31 620.25 168.75 307.60
2017-12-31 618.50 167.30 300.30
2017-09-30 599.00 156.45 296.60
2017-06-30 579.50 145.60 315.60
2017-03-31 561.65 137.80 303.45
2016-12-31 543.80 130.00 291.30
2016-09-30 532.70 127.90 266.90
2016-06-30 521.60 125.80 242.50
2016-03-31 506.60 113.50 244.10
2015-12-31 491.60 101.20 245.70
2015-09-30 478.90 76.60 193.25
2015-06-30 466.20 52.00 140.80
2015-03-31 446.60 25.70 87.80
2014-12-31 427.00 -0.60 34.80
2014-06-30 387.40 -44.90 -88.40
2014-03-31 461.55 59.45 -31.15
2013-12-31 535.70 163.80 26.10
2012-12-31 258.60 227.90 232.00
2011-12-31 107.00 13.00 83.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Virgin Money Holdings (UK) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Virgin Money Holdings (UK) used its assets less efficiently than the GB Banks industry average last year based on Return on Assets.
  • Virgin Money Holdings (UK) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Virgin Money Holdings (UK)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Virgin Money Holdings (UK) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VM. Health

 How is Virgin Money Holdings (UK)'s financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Virgin Money Holdings (UK)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Virgin Money Holdings (UK) Company Filings, last reported 3 months ago.

LSE:VM. Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 1,861.20 2,988.40 5,877.80
2018-03-31 1,861.20 2,988.40 5,877.80
2017-12-31 1,824.90 8,196.40 2,964.20
2017-09-30 1,824.90 8,196.40 2,964.20
2017-06-30 1,738.00 2,440.80 4,237.70
2017-03-31 1,738.00 2,440.80 4,237.70
2016-12-31 1,670.50 4,947.70 1,477.00
2016-09-30 1,670.50 4,947.70 1,477.00
2016-06-30 1,365.30 3,347.00 1,731.10
2016-03-31 1,365.30 3,347.00 1,731.10
2015-12-31 1,340.30 3,470.30 1,543.70
2015-09-30 1,340.30 3,470.30 1,543.70
2015-06-30 1,286.30 2,504.70 1,399.80
2015-03-31 1,286.30 2,504.70 1,399.80
2014-12-31 1,243.80 2,657.60 1,635.00
2014-06-30 921.30 1,131.70 1,493.20
2014-03-31 921.30 1,131.70 1,493.20
2013-12-31 934.90 2,070.40 2,202.80
2012-12-31 764.60 2,702.20 3,057.40
2011-12-31 535.30 253.80 865.50
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Virgin Money Holdings (UK) has an acceptable proportion of non-loan assets held.
  • Virgin Money Holdings (UK)'s liabilities are made up of primarily low risk sources of funding.
  • Loans at Virgin Money Holdings (UK) are broadly funded by customer deposits.
  • Virgin Money Holdings (UK)'s level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Virgin Money Holdings (UK) has a low allowance for bad loans.
  • Virgin Money Holdings (UK) has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Virgin Money Holdings (UK)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Virgin Money Holdings (UK) has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VM. Dividends

 What is Virgin Money Holdings (UK)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.72%
Current annual income from Virgin Money Holdings (UK) dividends. Estimated to be 2.16% next year.
If you bought £2,000 of Virgin Money Holdings (UK) shares you are expected to receive £34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Virgin Money Holdings (UK)'s pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.92%).
  • Virgin Money Holdings (UK)'s dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:VM. Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4.6%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 700 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 1.9%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:VM. Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.10 2.00
2020-12-31 0.08 11.00
2019-12-31 0.07 11.00
2018-12-31 0.07 9.00
LSE:VM. Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-02-27 0.060 1.785
2017-07-25 0.054 1.941
2017-02-28 0.051 1.686
2016-07-26 0.047 1.517
2016-03-02 0.045 1.424
2015-07-28 0.028 0.758

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Virgin Money Holdings (UK) has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Virgin Money Holdings (UK) only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Virgin Money Holdings (UK)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
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Income/ dividend checks
We assess Virgin Money Holdings (UK)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Virgin Money Holdings (UK) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Virgin Money Holdings (UK) has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VM. Management

 What is the CEO of Virgin Money Holdings (UK)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jayne-Anne Gadhia, image provided by Google.
Jayne-Anne Gadhia
COMPENSATION £2,175,000
AGE 57
TENURE AS CEO 11.6 years
CEO Bio

Ms. Jayne-Anne Gadhia, CBE, BA, MBA, FCA, FCIBS serves as the Chief Executive Officer of Northern Rock plc. Ms. Gadhia serves as the Chief Executive Officer of Virgin Money Group Limited. She serves as the Chief Executive Officer of Virgin Money Unit Trust Managers Ltd. She has been the Chief Executive Officer of Virgin Money Holdings (UK) plc since March 2007. She serves as Director of Virgin Money Plc. since January, 2012. She serves as the Chief Executive Officer of Virgin Money Personal Financial Service Ltd. She served as the Managing Director of Virgin Money UK. She served as the Chief Executive Officer of National Westminster Home Loans Limited, Direct Line Financial Services Limited and The Royal Bank of Scotland Plc. Ms. Gadhia looked into apportionment and oversight at Virgin Money Personal Financial Service Ltd, Virgin Money Unit Trust Managers Ltd, National Westminster Home Loans Limited and Direct Line Financial Services Limited. She trained as an accountant with Ernst & Young in 1982, before moving to Norwich Union in 1987, where she was marketing director of Norwich Union's Unit Trust business. Ms. Gadhia served as Executive Chairman and Director of Virgin Money Group Ltd. She has been an Executive Director of Northern Rock at Virgin Money Personal Financial Service Ltd., Virgin Money Unit Trust Managers Ltd., National Westminster Home Loans Limited and Direct Line Financial plc since January 1, 2012. Ms. Gadhia has been an Executive Director of Virgin Money Holdings (UK) plc since March 2007. She served as a Director of Virgin Money Personal Financial Service Ltd, Virgin Money Unit Trust Managers Ltd, National Westminster Home Loans Limited, Direct Line Financial Services Limited and The Royal Bank of Scotland Plc. She has 30 years of experience in finance and banking. She was one of the founders of Virgin Direct, launching the Virgin One Account in 1998. She is Trustee of Tate (Government appointment) and Chair of The Great Steward of Scotland’s Dumfries House Trust. She has a number of advisory roles including as a director of UK Finance and on Mastercard Europe’s Advisory Board. She is the Government’s Women in Finance Champion. She is a chartered accountant and has a BA in History from the Royal Holloway, University of London.

CEO Compensation
  • Jayne-Anne's compensation has been consistent with company performance over the past year.
  • Jayne-Anne's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Virgin Money Holdings (UK) management team in years:

4.3
Average Tenure
50
Average Age
  • The tenure for the Virgin Money Holdings (UK) management team is about average.
Management Team

Jayne-Anne Gadhia

TITLE
CEO & Director
COMPENSATION
£2M
AGE
57
TENURE
11.6 yrs

Peter Bole

TITLE
CFO & Executive Director
COMPENSATION
£1M
AGE
49
TENURE
1.8 yrs

Mark Parker

TITLE
Chief Operating Officer
AGE
52
TENURE
6.8 yrs

Adam Key

TITLE
Investor Relations
TENURE
3.8 yrs

Andrew Emuss

TITLE
General Counsel
AGE
48
TENURE
4.3 yrs

Ken Donald

TITLE
Corporate Development Director

Matt Elliott

TITLE
People Director
AGE
44
TENURE
7.8 yrs

Marian Martin

TITLE
Chief Risk Officer
AGE
51
TENURE
11.8 yrs

George Ashworth

TITLE
Head of SME Banking Operations
TENURE
3 yrs

Hugh Chater

TITLE
MD of Core Bank
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Virgin Money Holdings (UK) board of directors in years:

2.5
Average Tenure
55
Average Age
  • The average tenure for the Virgin Money Holdings (UK) board of directors is less than 3 years, this suggests a new board.
Board of Directors

Irene Dorner

TITLE
Chairman
AGE
64
TENURE
0.5 yrs

Jayne-Anne Gadhia

TITLE
CEO & Director
COMPENSATION
£2M
AGE
57
TENURE
11.6 yrs

Peter Bole

TITLE
CFO & Executive Director
COMPENSATION
£1M
AGE
49
TENURE
1.3 yrs

Norman McLuskie

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£145K
AGE
73
TENURE
8.8 yrs

Geeta Gopalan

TITLE
Independent Non-Executive Director
COMPENSATION
£110K
AGE
53
TENURE
3.3 yrs

Darren Pope

TITLE
Independent Non-Executive Director
COMPENSATION
£99K
AGE
53
TENURE
1.6 yrs

Colin Keogh

TITLE
Independent Non-Executive Director
COMPENSATION
£115K
AGE
64
TENURE
8.8 yrs

Patrick Charles McCall

TITLE
Non-Executive Director
COMPENSATION
£80K
AGE
54
TENURE
6.3 yrs

Eva Eisenschimmel

TITLE
Independent Non-Executive Director
COMPENSATION
£103K
AGE
56
TENURE
1.8 yrs

Amy Stirling

TITLE
Non-Executive Director
AGE
48
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Virgin Money Holdings (UK) insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
12. Oct 18 Sell State Street Global Advisors, Inc. Company 11. Oct 18 11. Oct 18 -500 $-2,284.84
12. Oct 18 Buy State Street Global Advisors, Inc. Company 11. Oct 18 11. Oct 18 1,964 $8,894.54
12. Oct 18 Sell BlackRock, Inc. Company 11. Oct 18 11. Oct 18 -383,047 $-1,740,295.90
12. Oct 18 Buy BlackRock, Inc. Company 11. Oct 18 11. Oct 18 34,975 $158,394.43
12. Oct 18 Sell J.P. Morgan Asset Management, Inc. Company 11. Oct 18 11. Oct 18 -5,507 $-25,107.08
12. Oct 18 Sell Standard Life Aberdeen plc Company 11. Oct 18 11. Oct 18 -725,537 $-3,300,157.28
12. Oct 18 Buy Standard Life Aberdeen plc Company 11. Oct 18 11. Oct 18 18,495 $84,662.45
11. Oct 18 Sell Societe Generale Group, Banking Investments Company 10. Oct 18 10. Oct 18 -3,224,993 $-15,049,400.81
11. Oct 18 Buy Societe Generale Group, Banking Investments Company 10. Oct 18 10. Oct 18 731,011 $3,420,132.19
11. Oct 18 Sell BlackRock, Inc. Company 10. Oct 18 10. Oct 18 -319,366 $-1,467,714.57
11. Oct 18 Buy BlackRock, Inc. Company 10. Oct 18 10. Oct 18 133,938 $610,984.97
11. Oct 18 Sell Lazard Asset Management LLC Company 10. Oct 18 10. Oct 18 -31,389 $-146,269.35
10. Oct 18 Sell BlackRock, Inc. Company 09. Oct 18 09. Oct 18 -319,365 $-1,475,524.99
10. Oct 18 Buy BlackRock, Inc. Company 09. Oct 18 09. Oct 18 354 $1,629.13
10. Oct 18 Sell Standard Life Aberdeen plc Company 09. Oct 18 09. Oct 18 -352,562 $-1,624,809.96
10. Oct 18 Sell Societe Generale Group, Banking Investments Company 09. Oct 18 09. Oct 18 -20,162 $-93,922.66
10. Oct 18 Buy Societe Generale Group, Banking Investments Company 09. Oct 18 09. Oct 18 310,122 $1,435,226.62
09. Oct 18 Sell BlackRock, Inc. Company 08. Oct 18 08. Oct 18 -13,283 $-63,705.76
09. Oct 18 Sell M&G Investment Management Limited Company 08. Oct 18 08. Oct 18 -14,773 $-70,772.79
09. Oct 18 Sell Societe Generale Group, Banking Investments Company 08. Oct 18 08. Oct 18 -3,990 $-19,214.31
09. Oct 18 Buy Societe Generale Group, Banking Investments Company 08. Oct 18 08. Oct 18 595 $2,852.79
08. Oct 18 Sell State Street Global Advisors, Inc. Company 05. Oct 18 05. Oct 18 -1,767 $-8,618.27
08. Oct 18 Sell Societe Generale Group, Banking Investments Company 05. Oct 18 05. Oct 18 -18,152 $-88,582.78
08. Oct 18 Buy Societe Generale Group, Banking Investments Company 05. Oct 18 05. Oct 18 8,188 $39,890.51
05. Oct 18 Sell Standard Life Aberdeen plc Company 04. Oct 18 04. Oct 18 -1,840,507 $-9,016,430.29
05. Oct 18 Buy BlackRock, Inc. Company 04. Oct 18 04. Oct 18 1,835,129 $9,153,631.83
05. Oct 18 Sell Societe Generale Group, Banking Investments Company 04. Oct 18 04. Oct 18 -3,962,463 $-19,249,081.46
05. Oct 18 Buy Societe Generale Group, Banking Investments Company 04. Oct 18 04. Oct 18 81,936 $403,922.13
04. Oct 18 Buy BlackRock, Inc. Company 03. Oct 18 03. Oct 18 670 $3,203.12
04. Oct 18 Sell Societe Generale Group, Banking Investments Company 03. Oct 18 03. Oct 18 -3,717 $-17,890.75
04. Oct 18 Buy Societe Generale Group, Banking Investments Company 03. Oct 18 03. Oct 18 10,000 $47,985.86
03. Oct 18 Sell Societe Generale Group, Banking Investments Company 02. Oct 18 02. Oct 18 -1,641 $-7,795.42
03. Oct 18 Buy Societe Generale Group, Banking Investments Company 02. Oct 18 02. Oct 18 17,391 $82,746.17
02. Oct 18 Sell Standard Life Aberdeen plc Company 01. Oct 18 01. Oct 18 -155,000 $-772,321.14
02. Oct 18 Buy Societe Generale Group, Banking Investments Company 01. Oct 18 01. Oct 18 7,093 $35,619.97
02. Oct 18 Buy BlackRock, Inc. Company 01. Oct 18 01. Oct 18 354 $1,757.42
02. Oct 18 Sell State Street Global Advisors, Inc. Company 01. Oct 18 01. Oct 18 -28,375 $-140,866.44
01. Oct 18 Sell Societe Generale Group, Banking Investments Company 28. Sep 18 28. Sep 18 -214,231 $-1,074,430.48
01. Oct 18 Buy Societe Generale Group, Banking Investments Company 28. Sep 18 28. Sep 18 23,147 $115,958.46
01. Oct 18 Sell Standard Life Aberdeen plc Company 28. Sep 18 28. Sep 18 -33,487 $-168,802.37
01. Oct 18 Sell BlackRock, Inc. Company 28. Sep 18 28. Sep 18 -1,943 $-9,725.90
01. Oct 18 Buy BlackRock, Inc. Company 28. Sep 18 28. Sep 18 6,323 $31,688.58
28. Sep 18 Sell BlackRock, Inc. Company 27. Sep 18 27. Sep 18 -9,175 $-46,770.74
28. Sep 18 Buy Societe Generale Group, Banking Investments Company 27. Sep 18 27. Sep 18 19,642 $100,006.63
27. Sep 18 Buy BlackRock, Inc. Company 26. Sep 18 26. Sep 18 708 $3,628.28
27. Sep 18 Sell Societe Generale Group, Banking Investments Company 26. Sep 18 26. Sep 18 -29,381 $-150,344.70
27. Sep 18 Buy Societe Generale Group, Banking Investments Company 26. Sep 18 26. Sep 18 20,000 $102,691.46
26. Sep 18 Sell BlackRock, Inc. Company 25. Sep 18 25. Sep 18 -3,858 $-19,486.64
26. Sep 18 Sell Societe Generale Group, Banking Investments Company 25. Sep 18 25. Sep 18 -62,442 $-316,784.00
26. Sep 18 Buy Societe Generale Group, Banking Investments Company 25. Sep 18 25. Sep 18 99,923 $505,072.00
25. Sep 18 Sell Societe Generale Group, Banking Investments Company 24. Sep 18 24. Sep 18 -1,181 $-6,097.23
25. Sep 18 Buy Societe Generale Group, Banking Investments Company 24. Sep 18 24. Sep 18 7,991 $41,056.23
25. Sep 18 Sell Standard Life Aberdeen plc Company 24. Sep 18 24. Sep 18 -20,000 $-103,504.44
25. Sep 18 Sell Legal & General Investment Management Limited Company 24. Sep 18 24. Sep 18 -23,149 $-118,952.87
24. Sep 18 Sell Societe Generale Group, Banking Investments Company 21. Sep 18 21. Sep 18 -8,465 $-43,505.63
24. Sep 18 Buy Societe Generale Group, Banking Investments Company 21. Sep 18 21. Sep 18 43,768 $225,345.06
24. Sep 18 Sell State Street Global Advisors, Inc. Company 21. Sep 18 21. Sep 18 -164,975 $-849,394.57
24. Sep 18 Buy BlackRock, Inc. Company 21. Sep 18 21. Sep 18 139,598 $718,737.89
24. Sep 18 Sell Standard Life Aberdeen plc Company 21. Sep 18 21. Sep 18 -507,288 $-2,609,220.69
24. Sep 18 Buy Standard Life Aberdeen plc Company 21. Sep 18 21. Sep 18 300,357 $1,546,425.86
21. Sep 18 Sell Societe Generale Group, Banking Investments Company 20. Sep 18 20. Sep 18 -6,480 $-34,008.21
21. Sep 18 Buy Societe Generale Group, Banking Investments Company 20. Sep 18 20. Sep 18 54,250 $284,857.36
21. Sep 18 Sell Standard Life Aberdeen plc Company 20. Sep 18 20. Sep 18 -348,786 $-1,826,866.22
20. Sep 18 Sell Standard Life Aberdeen plc Company 19. Sep 18 19. Sep 18 -1,593,797 $-8,244,697.41
20. Sep 18 Sell Societe Generale Group, Banking Investments Company 19. Sep 18 19. Sep 18 -583 $-3,008.95
20. Sep 18 Buy Societe Generale Group, Banking Investments Company 19. Sep 18 19. Sep 18 23,782 $122,906.93
19. Sep 18 Buy State Street Global Advisors, Inc. Company 18. Sep 18 18. Sep 18 159,349 $820,856.42
19. Sep 18 Sell Societe Generale Group, Banking Investments Company 18. Sep 18 18. Sep 18 -101,433 $-522,724.36
19. Sep 18 Buy Societe Generale Group, Banking Investments Company 18. Sep 18 18. Sep 18 108,854 $560,948.24
19. Sep 18 Sell Lazard Asset Management LLC Company 18. Sep 18 18. Sep 18 -20,285 $-104,547.69
19. Sep 18 Sell Standard Life Aberdeen plc Company 18. Sep 18 18. Sep 18 -101,543 $-524,080.89
18. Sep 18 Sell Societe Generale Group, Banking Investments Company 17. Sep 18 17. Sep 18 -2,657 $-13,770.73
18. Sep 18 Buy Societe Generale Group, Banking Investments Company 17. Sep 18 17. Sep 18 566 $2,936.84
18. Sep 18 Sell BlackRock, Inc. Company 17. Sep 18 17. Sep 18 -1,416 $-7,319.39
18. Sep 18 Buy State Street Global Advisors, Inc. Company 17. Sep 18 17. Sep 18 112,999 $585,939.48
18. Sep 18 Sell Standard Life Aberdeen plc Company 17. Sep 18 17. Sep 18 -275,000 $-1,425,826.88
18. Sep 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 17. Sep 18 17. Sep 18 -67,500 $-350,596.35
18. Sep 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 17. Sep 18 17. Sep 18 12,943 $67,226.20
17. Sep 18 Buy Peter Bole Individual 17. Sep 18 17. Sep 18 3,291 $17,076.23
17. Sep 18 Buy Legal & General Investment Management Limited Company 14. Sep 18 14. Sep 18 80,000 $413,096.64
17. Sep 18 Sell BlackRock, Inc. Company 14. Sep 18 14. Sep 18 -708 $-3,658.22
14. Sep 18 Sell Societe Generale Group, Banking Investments Company 13. Sep 18 13. Sep 18 -9 $-46.87
14. Sep 18 Buy Societe Generale Group, Banking Investments Company 13. Sep 18 13. Sep 18 24,364 $126,461.21
17. Sep 18 Sell Societe Generale Group, Banking Investments Company 14. Sep 18 14. Sep 18 -495,515 $-2,557,724.32
17. Sep 18 Buy Societe Generale Group, Banking Investments Company 14. Sep 18 14. Sep 18 497,334 $2,567,102.54
17. Sep 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 14. Sep 18 14. Sep 18 -4 $-20.42
14. Sep 18 Sell Standard Life Aberdeen plc Company 13. Sep 18 13. Sep 18 -1,019,862 $-5,332,240.73
14. Sep 18 Buy Standard Life Aberdeen plc Company 13. Sep 18 13. Sep 18 11,351 $59,332.68
13. Sep 18 Sell Standard Life Aberdeen plc Company 12. Sep 18 12. Sep 18 -1,798,000 $-9,279,334.79
13. Sep 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 12. Sep 18 12. Sep 18 90,000 $464,372.28
13. Sep 18 Buy Legal & General Investment Management Limited Company 12. Sep 18 12. Sep 18 2,535 $13,104.60
13. Sep 18 Sell Societe Generale Group, Banking Investments Company 12. Sep 18 12. Sep 18 -132,710 $-686,402.93
13. Sep 18 Buy Societe Generale Group, Banking Investments Company 12. Sep 18 12. Sep 18 123,807 $640,394.30
12. Sep 18 Buy State Street Global Advisors, Inc. Company 11. Sep 18 11. Sep 18 120,000 $613,045.32
12. Sep 18 Sell Standard Life Aberdeen plc Company 11. Sep 18 11. Sep 18 -1,852,000 $-9,413,232.85
12. Sep 18 Sell Societe Generale Group, Banking Investments Company 11. Sep 18 11. Sep 18 -3,782 $-19,209.17
12. Sep 18 Buy Societe Generale Group, Banking Investments Company 11. Sep 18 11. Sep 18 565 $2,876.88
07. Sep 18 Sell Standard Life Aberdeen plc Company 06. Sep 18 06. Sep 18 -1,152,223 $-5,771,749.30
06. Sep 18 Sell Standard Life Aberdeen plc Company 05. Sep 18 05. Sep 18 -562,245 $-2,806,121.69
11. Sep 18 Sell Societe Generale Group, Banking Investments Company 10. Sep 18 10. Sep 18 -15,445 $-79,187.60
11. Sep 18 Buy Societe Generale Group, Banking Investments Company 10. Sep 18 10. Sep 18 23,895 $121,079.55
11. Sep 18 Sell Standard Life Aberdeen plc Company 10. Sep 18 10. Sep 18 -2,052,332 $-10,349,428.67
11. Sep 18 Buy Standard Life Aberdeen plc Company 10. Sep 18 10. Sep 18 80,089 $405,822.98
11. Sep 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 10. Sep 18 10. Sep 18 3,445 $17,456.33
10. Sep 18 Sell Societe Generale Group, Banking Investments Company 07. Sep 18 07. Sep 18 -7,275 $-36,358.53
10. Sep 18 Sell Standard Life Aberdeen plc Company 07. Sep 18 07. Sep 18 -295,445 $-1,476,632.04
07. Sep 18 Buy Societe Generale Group, Banking Investments Company 06. Sep 18 06. Sep 18 3,244 $16,225.96
06. Sep 18 Buy J.P. Morgan Asset Management, Inc. Company 05. Sep 18 05. Sep 18 5,142 $25,686.81
06. Sep 18 Sell BlackRock, Inc. Company 05. Sep 18 05. Sep 18 -3,667 $-18,248.06
06. Sep 18 Sell Societe Generale Group, Banking Investments Company 05. Sep 18 05. Sep 18 -4,000 $-19,965.72
06. Sep 18 Buy Societe Generale Group, Banking Investments Company 05. Sep 18 05. Sep 18 6,576 $32,766.06
06. Sep 18 Buy State Street Global Advisors, Inc. Company 05. Sep 18 05. Sep 18 100,000 $497,629.10
05. Sep 18 Sell Societe Generale Group, Banking Investments Company 04. Sep 18 04. Sep 18 -90,470 $-447,878.16
05. Sep 18 Buy Societe Generale Group, Banking Investments Company 04. Sep 18 04. Sep 18 511,455 $2,539,684.28
05. Sep 18 Buy Legal & General Investment Management Limited Company 04. Sep 18 04. Sep 18 40,089 $198,967.20
05. Sep 18 Sell BlackRock, Inc. Company 04. Sep 18 04. Sep 18 -137,662 $-682,564.54
05. Sep 18 Sell Standard Life Aberdeen plc Company 04. Sep 18 04. Sep 18 -1,647,755 $-8,178,257.96
04. Sep 18 Buy Legal & General Investment Management Limited Company 03. Sep 18 03. Sep 18 59,911 $297,335.54
04. Sep 18 Buy Societe Generale Group, Banking Investments Company 03. Sep 18 03. Sep 18 41,782 $206,049.01
04. Sep 18 Sell Standard Life Aberdeen plc Company 03. Sep 18 03. Sep 18 -581,761 $-2,886,429.86
03. Sep 18 Sell LSV Asset Management Company 31. Aug 18 31. Aug 18 -85,197 $-423,425.17
03. Sep 18 Buy BlackRock, Inc. Company 31. Aug 18 31. Aug 18 6,365 $31,532.15
03. Sep 18 Sell Standard Life Aberdeen plc Company 31. Aug 18 31. Aug 18 -37,922 $-189,538.63
03. Sep 18 Buy Societe Generale Group, Banking Investments Company 31. Aug 18 31. Aug 18 3,595 $17,970.10
31. Aug 18 Sell Standard Life Aberdeen plc Company 30. Aug 18 30. Aug 18 -61,669 $-309,020.27
31. Aug 18 Buy Standard Life Aberdeen plc Company 30. Aug 18 30. Aug 18 23,901 $119,956.94
31. Aug 18 Buy Societe Generale Group, Banking Investments Company 30. Aug 18 30. Aug 18 217,420 $1,088,356.98
30. Aug 18 Buy Societe Generale Group, Banking Investments Company 29. Aug 18 29. Aug 18 224,742 $1,140,188.31
30. Aug 18 Sell Legal & General Investment Management Limited Company 29. Aug 18 29. Aug 18 -50,257 $-256,080.57
30. Aug 18 Sell Standard Life Aberdeen plc Company 29. Aug 18 29. Aug 18 -712,693 $-3,628,960.63
29. Aug 18 Sell Societe Generale Group, Banking Investments Company 28. Aug 18 28. Aug 18 -2,807 $-14,174.12
29. Aug 18 Buy Societe Generale Group, Banking Investments Company 28. Aug 18 28. Aug 18 130,712 $658,001.38
29. Aug 18 Sell Standard Life Aberdeen plc Company 28. Aug 18 28. Aug 18 -365,242 $-1,849,499.29
28. Aug 18 Sell Standard Life Aberdeen plc Company 24. Aug 18 24. Aug 18 -612,342 $-3,091,530.44
28. Aug 18 Buy Societe Generale Group, Banking Investments Company 24. Aug 18 24. Aug 18 2,495 $12,605.71
24. Aug 18 Sell Standard Life Aberdeen plc Company 23. Aug 18 23. Aug 18 -1,162,633 $-5,847,555.23
24. Aug 18 Buy BlackRock, Inc. Company 23. Aug 18 23. Aug 18 15,803 $79,428.68
23. Aug 18 Sell The Bank of Nova Scotia, Banking Investments Company 22. Aug 18 22. Aug 18 -2,500,000 $-12,746,870.00
23. Aug 18 Sell Standard Life Aberdeen plc Company 22. Aug 18 22. Aug 18 -455,521 $-2,330,189.31
23. Aug 18 Buy Societe Generale Group, Banking Investments Company 22. Aug 18 22. Aug 18 20,598 $105,256.84
22. Aug 18 Buy BlackRock, Inc. Company 21. Aug 18 21. Aug 18 315,094 $1,616,197.31
22. Aug 18 Sell Standard Life Aberdeen plc Company 21. Aug 18 21. Aug 18 -544,649 $-2,794,539.46
22. Aug 18 Buy State Street Global Advisors, Inc. Company 21. Aug 18 21. Aug 18 12,379 $63,461.64
22. Aug 18 Buy Societe Generale Group, Banking Investments Company 21. Aug 18 21. Aug 18 23,185 $118,909.02
22. Aug 18 Sell Lazard Asset Management LLC Company 21. Aug 18 21. Aug 18 -13,787 $-70,715.30
21. Aug 18 Buy Societe Generale Group, Banking Investments Company 20. Aug 18 20. Aug 18 2,648 $13,646.36
21. Aug 18 Buy BlackRock, Inc. Company 20. Aug 18 20. Aug 18 60,489 $311,832.95
21. Aug 18 Buy Legal & General Investment Management Limited Company 20. Aug 18 20. Aug 18 14,299 $73,843.80
21. Aug 18 Sell Standard Life Aberdeen plc Company 20. Aug 18 20. Aug 18 -124,889 $-643,673.69
20. Aug 18 Sell Standard Life Aberdeen plc Company 17. Aug 18 17. Aug 18 -699,515 $-3,574,663.28
20. Aug 18 Buy Societe Generale Group, Banking Investments Company 17. Aug 18 17. Aug 18 949 $4,839.74
20. Aug 18 Buy BlackRock, Inc. Company 17. Aug 18 17. Aug 18 300,354 $1,535,202.86
20. Aug 18 Sell J.P. Morgan Asset Management, Inc. Company 17. Aug 18 17. Aug 18 -8,981 $-45,933.11
17. Aug 18 Sell Societe Generale Group, Banking Investments Company 16. Aug 18 16. Aug 18 -501 $-2,580.09
17. Aug 18 Buy Societe Generale Group, Banking Investments Company 16. Aug 18 16. Aug 18 89,959 $457,896.08
17. Aug 18 Sell Standard Life Aberdeen plc Company 16. Aug 18 16. Aug 18 -503,337 $-2,593,404.63
17. Aug 18 Sell BlackRock, Inc. Company 16. Aug 18 16. Aug 18 -3,656 $-18,841.91
17. Aug 18 Buy State Street Global Advisors, Inc. Company 16. Aug 18 16. Aug 18 25,013 $128,909.35
16. Aug 18 Buy BlackRock, Inc. Company 15. Aug 18 15. Aug 18 759,172 $3,873,539.92
16. Aug 18 Buy Legal & General Investment Management Limited Company 15. Aug 18 15. Aug 18 731 $3,749.17
16. Aug 18 Sell State Street Global Advisors, Inc. Company 15. Aug 18 15. Aug 18 -1,154 $-5,855.68
15. Aug 18 Sell M&G Investment Management Limited Company 14. Aug 18 14. Aug 18 -25,000 $-129,571.80
15. Aug 18 Sell State Street Global Advisors, Inc. Company 14. Aug 18 14. Aug 18 -1,154 $-5,947.21
15. Aug 18 Sell BlackRock, Inc. Company 14. Aug 18 14. Aug 18 -1,860 $-9,632.56
15. Aug 18 Buy BlackRock, Inc. Company 14. Aug 18 14. Aug 18 54,482 $281,401.22
15. Aug 18 Sell Societe Generale Group, Banking Investments Company 14. Aug 18 14. Aug 18 -598 $-3,100.12
15. Aug 18 Buy Societe Generale Group, Banking Investments Company 14. Aug 18 14. Aug 18 5,316 $27,392.45
14. Aug 18 Sell Societe Generale Group, Banking Investments Company 13. Aug 18 13. Aug 18 -2,660 $-13,718.46
14. Aug 18 Buy Societe Generale Group, Banking Investments Company 13. Aug 18 13. Aug 18 2,381 $12,309.19
14. Aug 18 Buy BlackRock, Inc. Company 13. Aug 18 13. Aug 18 104,404 $537,912.27
13. Aug 18 Buy Societe Generale Group, Banking Investments Company 10. Aug 18 10. Aug 18 438,023 $2,305,295.78
13. Aug 18 Buy BlackRock, Inc. Company 10. Aug 18 10. Aug 18 64,896 $340,574.14
10. Aug 18 Sell Societe Generale Group, Banking Investments Company 09. Aug 18 09. Aug 18 -5,788 $-30,797.83
10. Aug 18 Buy Societe Generale Group, Banking Investments Company 09. Aug 18 09. Aug 18 35,003 $186,260.16
10. Aug 18 Sell BlackRock, Inc. Company 09. Aug 18 09. Aug 18 -3,652 $-19,428.63
10. Aug 18 Buy BlackRock, Inc. Company 09. Aug 18 09. Aug 18 341,662 $1,817,157.36
10. Aug 18 Buy State Street Global Advisors, Inc. Company 09. Aug 18 09. Aug 18 381,698 $2,031,762.42
08. Aug 18 Sell Standard Life Aberdeen plc Company 07. Aug 18 07. Aug 18 -946,315 $-5,020,024.53
09. Aug 18 Sell Societe Generale Group, Banking Investments Company 08. Aug 18 08. Aug 18 -98,937 $-537,591.31
09. Aug 18 Buy Societe Generale Group, Banking Investments Company 08. Aug 18 08. Aug 18 10,000 $54,357.80
09. Aug 18 Buy State Street Global Advisors, Inc. Company 08. Aug 18 08. Aug 18 242,799 $1,316,016.47
09. Aug 18 Buy BlackRock, Inc. Company 08. Aug 18 08. Aug 18 354,055 $1,911,841.02
09. Aug 18 Sell Standard Life Aberdeen plc Company 08. Aug 18 08. Aug 18 -400,000 $-2,148,747.60
09. Aug 18 Buy Standard Life Aberdeen plc Company 08. Aug 18 08. Aug 18 359 $1,930.35
08. Aug 18 Sell Legal & General Investment Management Limited Company 07. Aug 18 07. Aug 18 -24,062 $-126,789.58
08. Aug 18 Buy Societe Generale Group, Banking Investments Company 07. Aug 18 07. Aug 18 40,140 $213,088.18
07. Aug 18 Sell Standard Life Aberdeen plc Company 06. Aug 18 06. Aug 18 -609,942 $-3,189,311.70
07. Aug 18 Buy State Street Global Advisors, Inc. Company 06. Aug 18 06. Aug 18 937,759 $4,909,862.31
07. Aug 18 Sell Societe Generale Group, Banking Investments Company 06. Aug 18 06. Aug 18 -538 $-2,817.32
07. Aug 18 Buy Societe Generale Group, Banking Investments Company 06. Aug 18 06. Aug 18 10,000 $52,128.20
06. Aug 18 Sell Societe Generale Group, Banking Investments Company 03. Aug 18 03. Aug 18 -5,970 $-31,130.18
06. Aug 18 Buy Societe Generale Group, Banking Investments Company 03. Aug 18 03. Aug 18 96,043 $500,935.12
06. Aug 18 Sell Standard Life Aberdeen plc Company 03. Aug 18 03. Aug 18 -566,396 $-2,953,382.30
03. Aug 18 Sell Societe Generale Group, Banking Investments Company 02. Aug 18 02. Aug 18 -6,537 $-34,225.44
03. Aug 18 Buy Societe Generale Group, Banking Investments Company 02. Aug 18 02. Aug 18 35,000 $183,005.13
03. Aug 18 Buy BlackRock, Inc. Company 02. Aug 18 02. Aug 18 18,205 $95,523.35
03. Aug 18 Sell Standard Life Aberdeen plc Company 02. Aug 18 02. Aug 18 -80,108 $-421,461.73
02. Aug 18 Buy Virgin Money Holdings (UK) plc, Employee Benefit Trust Company 05. Jun 18 05. Jun 18 28,585 $132,604.53
02. Aug 18 Buy BlackRock, Inc. Company 01. Aug 18 01. Aug 18 708 $3,773.44
02. Aug 18 Sell Societe Generale Group, Banking Investments Company 01. Aug 18 01. Aug 18 -4,488 $-23,713.70
02. Aug 18 Buy Societe Generale Group, Banking Investments Company 01. Aug 18 01. Aug 18 34,851 $0.00
02. Aug 18 Buy Legal & General Investment Management Limited Company 01. Aug 18 01. Aug 18 7,889 $42,015.06
02. Aug 18 Sell Standard Life Aberdeen plc Company 01. Aug 18 01. Aug 18 -380,873 $-2,027,845.12
01. Aug 18 Sell Societe Generale Group, Banking Investments Company 31. Jul 18 31. Jul 18 -4,047 $-20,938.69
01. Aug 18 Buy Societe Generale Group, Banking Investments Company 31. Jul 18 31. Jul 18 37,778 $196,399.83
01. Aug 18 Buy BlackRock, Inc. Company 31. Jul 18 31. Jul 18 50,073 $261,461.13
01. Aug 18 Sell Legal & General Investment Management Limited Company 31. Jul 18 31. Jul 18 -18,443 $-95,274.16
01. Aug 18 Buy Legal & General Investment Management Limited Company 31. Jul 18 31. Jul 18 3,866 $20,140.57
01. Aug 18 Buy State Street Global Advisors, Inc. Company 31. Jul 18 31. Jul 18 3,855 $20,042.32
01. Aug 18 Sell Standard Life Aberdeen plc Company 31. Jul 18 31. Jul 18 -917,163 $-4,753,573.20
31. Jul 18 Sell Legal & General Investment Management Limited Company 30. Jul 18 30. Jul 18 -3,133 $-15,979.65
31. Jul 18 Buy BlackRock, Inc. Company 30. Jul 18 30. Jul 18 18,509 $94,591.23
31. Jul 18 Sell Standard Life Aberdeen plc Company 30. Jul 18 30. Jul 18 -755,624 $-3,858,974.79
31. Jul 18 Buy Standard Life Aberdeen plc Company 30. Jul 18 30. Jul 18 20,709 $105,815.39
31. Jul 18 Buy Societe Generale Group, Banking Investments Company 30. Jul 18 30. Jul 18 11,914 $60,778.66
30. Jul 18 Buy BlackRock, Inc. Company 27. Jul 18 27. Jul 18 11,853 $60,329.32
30. Jul 18 Buy Societe Generale Group, Banking Investments Company 27. Jul 18 27. Jul 18 17,000 $86,493.03
30. Jul 18 Sell Standard Life Aberdeen plc Company 27. Jul 18 27. Jul 18 -737,182 $-3,752,103.78
27. Jul 18 Sell Standard Life Aberdeen plc Company 26. Jul 18 26. Jul 18 -180,344 $-912,294.19
27. Jul 18 Sell BlackRock, Inc. Company 26. Jul 18 26. Jul 18 -9,132 $-46,268.06
27. Jul 18 Buy BlackRock, Inc. Company 26. Jul 18 26. Jul 18 37,732 $190,686.17
27. Jul 18 Buy Societe Generale Group, Banking Investments Company 26. Jul 18 26. Jul 18 4,812 $24,437.35
09. May 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 08. May 18 08. May 18 -125,000 $-580,000.50
26. Jul 18 Sell Standard Life Aberdeen plc Company 25. Jul 18 25. Jul 18 -24,677 $-125,989.19
25. Jul 18 Buy Societe Generale Group, Banking Investments Company 24. Jul 18 24. Jul 18 1,335 $6,917.27
24. Jul 18 Buy Societe Generale Group, Banking Investments Company 23. Jul 18 23. Jul 18 2,958 $15,033.36
24. Jul 18 Sell M&G Investment Management Limited Company 23. Jul 18 23. Jul 18 -42,550 $-216,483.34
23. Jul 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 20. Jul 18 20. Jul 18 100,000 $504,679.80
23. Jul 18 Sell Legal & General Investment Management Limited Company 20. Jul 18 20. Jul 18 -21,339 $-107,201.31
23. Jul 18 Sell M&G Investment Management Limited Company 20. Jul 18 20. Jul 18 -645,074 $-3,240,077.08
23. Jul 18 Buy BlackRock, Inc. Company 20. Jul 18 20. Jul 18 27,541 $138,780.86
23. Jul 18 Sell Societe Generale Group, Banking Investments Company 20. Jul 18 20. Jul 18 -8 $-40.35
23. Jul 18 Buy Societe Generale Group, Banking Investments Company 20. Jul 18 20. Jul 18 5,395 $27,098.04
20. Jul 18 Buy BlackRock, Inc. Company 19. Jul 18 19. Jul 18 26,666 $132,150.70
20. Jul 18 Sell Legal & General Investment Management Limited Company 19. Jul 18 19. Jul 18 -41,978 $-209,423.90
20. Jul 18 Sell M&G Investment Management Limited Company 19. Jul 18 19. Jul 18 -138,836 $-690,977.19
20. Jul 18 Sell Standard Life Aberdeen plc Company 19. Jul 18 19. Jul 18 -76,318 $-380,038.68
19. Jul 18 Buy BlackRock, Inc. Company 18. Jul 18 18. Jul 18 28,006 $139,768.62
19. Jul 18 Buy State Street Global Advisors, Inc. Company 18. Jul 18 18. Jul 18 575 $2,870.98
19. Jul 18 Sell Legal & General Investment Management Limited Company 18. Jul 18 18. Jul 18 -53,102 $-263,891.45
19. Jul 18 Sell M&G Investment Management Limited Company 18. Jul 18 18. Jul 18 -50,371 $-251,274.69
19. Jul 18 Sell Standard Life Aberdeen plc Company 18. Jul 18 18. Jul 18 -407,651 $-2,030,086.90
19. Jul 18 Sell Societe Generale Group, Banking Investments Company 18. Jul 18 18. Jul 18 -2,942 $-14,673.34
18. Jul 18 Sell M&G Investment Management Limited Company 17. Jul 18 17. Jul 18 -805,800 $-4,042,452.90
18. Jul 18 Sell Standard Life Aberdeen plc Company 17. Jul 18 17. Jul 18 -400,000 $-2,017,790.00
18. Jul 18 Sell Legal & General Investment Management Limited Company 17. Jul 18 17. Jul 18 -308,262 $-1,543,076.96
17. Jul 18 Sell M&G Investment Management Limited Company 16. Jul 18 16. Jul 18 -200,000 $-1,012,252.80
17. Jul 18 Sell Legal & General Investment Management Limited Company 16. Jul 18 16. Jul 18 -48,623 $-246,949.56
17. Jul 18 Sell Societe Generale Group, Banking Investments Company 16. Jul 18 16. Jul 18 -1,804 $-9,200.93
17. Jul 18 Buy Societe Generale Group, Banking Investments Company 16. Jul 18 16. Jul 18 1,527 $7,696.22
16. Jul 18 Buy Societe Generale Group, Banking Investments Company 13. Jul 18 13. Jul 18 1,665 $8,381.44
16. Jul 18 Buy BlackRock, Inc. Company 13. Jul 18 13. Jul 18 149 $755.34
16. Jul 18 Sell Legal & General Investment Management Limited Company 13. Jul 18 13. Jul 18 -180,215 $-908,007.33
13. Jul 18 Sell Legal & General Investment Management Limited Company 12. Jul 18 12. Jul 18 -41,672 $-210,503.90
13. Jul 18 Buy Societe Generale Group, Banking Investments Company 12. Jul 18 12. Jul 18 101,811 $520,449.39
12. Jul 18 Sell Societe Generale Group, Banking Investments Company 11. Jul 18 11. Jul 18 -2,385 $-12,007.99
12. Jul 18 Buy Societe Generale Group, Banking Investments Company 11. Jul 18 11. Jul 18 1,206,695 $6,161,679.77
12. Jul 18 Sell Legal & General Investment Management Limited Company 11. Jul 18 11. Jul 18 -115,798 $-584,560.12
12. Jul 18 Sell State Street Global Advisors, Inc. Company 11. Jul 18 11. Jul 18 -11,847 $-59,698.25
12. Jul 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 11. Jul 18 11. Jul 18 90,000 $455,782.14
11. Jul 18 Sell Standard Life Aberdeen plc Company 10. Jul 18 10. Jul 18 -4,991 $-25,874.35
11. Jul 18 Sell Societe Generale Group, Banking Investments Company 10. Jul 18 10. Jul 18 -4,390 $-22,776.52
11. Jul 18 Buy Societe Generale Group, Banking Investments Company 10. Jul 18 10. Jul 18 2,519 $13,227.64
11. Jul 18 Buy BlackRock, Inc. Company 10. Jul 18 10. Jul 18 33,717 $174,795.74
11. Jul 18 Sell State Street Global Advisors, Inc. Company 10. Jul 18 10. Jul 18 -574 $-2,975.73
10. Jul 18 Buy Societe Generale Group, Banking Investments Company 09. Jul 18 09. Jul 18 2,142 $11,154.51
09. Jul 18 Sell Societe Generale Group, Banking Investments Company 06. Jul 18 06. Jul 18 -27,896 $0.00
09. Jul 18 Buy Societe Generale Group, Banking Investments Company 06. Jul 18 06. Jul 18 4,635 $24,489.63
09. Jul 18 Sell BlackRock, Inc. Company 06. Jul 18 06. Jul 18 -915 $-4,832.09
09. Jul 18 Buy BlackRock, Inc. Company 06. Jul 18 06. Jul 18 18,382 $97,099.28
09. Jul 18 Sell Standard Life Aberdeen plc Company 06. Jul 18 06. Jul 18 -158,866 $-842,632.97
06. Jul 18 Sell Societe Generale Group, Banking Investments Company 05. Jul 18 05. Jul 18 -4,123 $-21,391.94
06. Jul 18 Buy Societe Generale Group, Banking Investments Company 05. Jul 18 05. Jul 18 13,119 $68,025.74
05. Jul 18 Buy Societe Generale Group, Banking Investments Company 04. Jul 18 04. Jul 18 1,208,321 $6,094,424.23
04. Jul 18 Buy Societe Generale Group, Banking Investments Company 03. Jul 18 03. Jul 18 596 $3,012.73
03. Jul 18 Sell Societe Generale Group, Banking Investments Company 02. Jul 18 02. Jul 18 -254,906 $-1,280,986.77
02. Jul 18 Sell Societe Generale Group, Banking Investments Company 29. Jun 18 29. Jun 18 -6,256 $-30,416.51
02. Jul 18 Buy Societe Generale Group, Banking Investments Company 29. Jun 18 29. Jun 18 24,799 $120,009.65
29. Jun 18 Sell Societe Generale Group, Banking Investments Company 28. Jun 18 28. Jun 18 -432,625 $-2,072,180.30
29. Jun 18 Buy Societe Generale Group, Banking Investments Company 28. Jun 18 28. Jun 18 3,863 $18,416.92
28. Jun 18 Sell Societe Generale Group, Banking Investments Company 27. Jun 18 27. Jun 18 -504,568 $-2,432,995.61
28. Jun 18 Buy Societe Generale Group, Banking Investments Company 27. Jun 18 27. Jun 18 5,668 $26,906.03
27. Jun 18 Sell Societe Generale Group, Banking Investments Company 26. Jun 18 26. Jun 18 -16,762 $-81,864.38
27. Jun 18 Buy Societe Generale Group, Banking Investments Company 26. Jun 18 26. Jun 18 3,027,555 $14,902,627.83
06. Jul 18 Sell Standard Life Aberdeen plc Company 05. Jul 18 05. Jul 18 -132,435 $-693,451.25
04. Jul 18 Sell Standard Life Aberdeen plc Company 03. Jul 18 03. Jul 18 -142,372 $-723,300.15
03. Jul 18 Sell Schroder Investment Management Limited Company 02. Jul 18 02. Jul 18 -442,947 $-2,160,960.79
03. Jul 18 Sell Standard Life Aberdeen plc Company 02. Jul 18 02. Jul 18 -566,206 $-2,829,550.43
02. Jul 18 Sell State Street Global Advisors, Inc. Company 29. Jun 18 29. Jun 18 -24,056 $-116,461.45
02. Jul 18 Buy BlackRock, Inc. Company 29. Jun 18 29. Jun 18 21,269 $102,968.84
02. Jul 18 Sell Standard Life Aberdeen plc Company 29. Jun 18 29. Jun 18 -310,474 $-1,501,462.47
02. Jul 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 29. Jun 18 29. Jun 18 -75,742 $-365,787.51
02. Jul 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 29. Jun 18 29. Jun 18 25,742 $124,657.77
29. Jun 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 28. Jun 18 28. Jun 18 -70,000 $-334,643.12
29. Jun 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 28. Jun 18 28. Jun 18 20,589 $97,619.10
29. Jun 18 Sell Schroder Investment Management Limited Company 28. Jun 18 28. Jun 18 -491,643 $-2,346,372.18
29. Jun 18 Buy BlackRock, Inc. Company 28. Jun 18 28. Jun 18 41,868 $199,581.43
29. Jun 18 Sell State Street Global Advisors, Inc. Company 28. Jun 18 28. Jun 18 -5,500 $-26,343.81
28. Jun 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 27. Jun 18 27. Jun 18 -40,000 $-190,879.32
28. Jun 18 Buy BlackRock, Inc. Company 27. Jun 18 27. Jun 18 81,099 $385,393.23
28. Jun 18 Sell Legal & General Investment Management Limited Company 27. Jun 18 27. Jun 18 -2,600 $-12,331.96
28. Jun 18 Buy Legal & General Investment Management Limited Company 27. Jun 18 27. Jun 18 3,780 $17,964.55
28. Jun 18 Sell Schroder Investment Management Limited Company 27. Jun 18 27. Jun 18 -1,338,233 $-6,360,683.34
28. Jun 18 Sell Standard Life Aberdeen plc Company 27. Jun 18 27. Jun 18 -42,381 $-201,494.30
28. Jun 18 Buy Standard Life Aberdeen plc Company 27. Jun 18 27. Jun 18 8,929 $42,350.80
27. Jun 18 Sell Standard Life Aberdeen plc Company 26. Jun 18 26. Jun 18 -107,653 $-519,496.67
27. Jun 18 Buy Legal & General Investment Management Limited Company 26. Jun 18 26. Jun 18 6,414 $30,968.77
27. Jun 18 Sell Schroder Investment Management Limited Company 26. Jun 18 26. Jun 18 -506,273 $-2,463,586.70
26. Jun 18 Sell Lazard Asset Management LLC Company 25. Jun 18 25. Jun 18 -26,294 $-128,871.42
26. Jun 18 Sell BlackRock, Inc. Company 25. Jun 18 25. Jun 18 -155 $-757.38
26. Jun 18 Buy BlackRock, Inc. Company 25. Jun 18 25. Jun 18 22,631 $110,581.97
26. Jun 18 Sell Standard Life Aberdeen plc Company 25. Jun 18 25. Jun 18 -14,257 $-70,488.10
26. Jun 18 Sell Schroder Investment Management Limited Company 25. Jun 18 25. Jun 18 -411,884 $-2,045,395.76
25. Jun 18 Sell Standard Life Aberdeen plc Company 22. Jun 18 22. Jun 18 -20,730 $-102,317.39
22. Jun 18 Sell Standard Life Aberdeen plc Company 21. Jun 18 21. Jun 18 -73,717 $-355,467.75
22. Jun 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 21. Jun 18 21. Jun 18 -30,914 $-147,508.04
22. Jun 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 21. Jun 18 21. Jun 18 61,828 $0.00
21. Jun 18 Sell Standard Life Aberdeen plc Company 20. Jun 18 20. Jun 18 -2,102 $-9,790.73
21. Jun 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 20. Jun 18 20. Jun 18 -8,651 $-40,313.69
21. Jun 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 20. Jun 18 20. Jun 18 17,302 $0.00
21. Jun 18 Sell BlackRock, Inc. Company 20. Jun 18 20. Jun 18 -10,395 $-48,921.03
21. Jun 18 Sell Schroder Investment Management Limited Company 20. Jun 18 20. Jun 18 -152,000 $-707,116.77
20. Jun 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 19. Jun 18 19. Jun 18 -115,134 $-526,474.28
20. Jun 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 19. Jun 18 19. Jun 18 140,268 $641,404.75
20. Jun 18 Sell LSV Asset Management Company 20. Jun 18 20. Jun 18 -85,600 $-402,851.40
20. Jun 18 Sell BlackRock, Inc. Company 19. Jun 18 19. Jun 18 -19,429 $-89,867.29
20. Jun 18 Sell State Street Global Advisors, Inc. Company 19. Jun 18 19. Jun 18 -10,571 $-48,747.66
20. Jun 18 Sell Standard Life Aberdeen plc Company 19. Jun 18 19. Jun 18 -740,793 $-3,403,049.70
20. Jun 18 Sell Allianz Asset Management AG Company 19. Jun 18 19. Jun 18 -485,577 $-2,243,565.80
19. Jun 18 Buy Legal & General Investment Management Limited Company 18. Jun 18 18. Jun 18 4,884 $22,398.03
19. Jun 18 Sell Standard Life Aberdeen plc Company 18. Jun 18 18. Jun 18 -498,836 $-2,288,388.07
19. Jun 18 Sell M&G Investment Management Limited Company 18. Jun 18 18. Jun 18 -50,875 $-233,892.67
18. Jun 18 Buy Standard Life Aberdeen plc Company 15. Jun 18 15. Jun 18 343,959 $1,623,570.06
18. Jun 18 Buy Legal & General Investment Management Limited Company 15. Jun 18 15. Jun 18 17,982 $84,934.40
18. Jun 18 Buy BlackRock, Inc. Company 15. Jun 18 15. Jun 18 20,582 $97,152.04
15. Jun 18 Buy The Bank of Nova Scotia, Banking Investments Company 14. Jun 18 14. Jun 18 1,500,000 $7,047,328.50
15. Jun 18 Buy Legal & General Investment Management Limited Company 14. Jun 18 14. Jun 18 10,689 $50,932.61
15. Jun 18 Buy BlackRock, Inc. Company 14. Jun 18 14. Jun 18 11,820 $56,321.78
14. Jun 18 Sell Schroder Investment Management Limited Company 13. Jun 18 13. Jun 18 -503,283 $-2,363,933.25
13. Jun 18 Sell Schroder Investment Management Limited Company 12. Jun 18 12. Jun 18 -177,998 $-835,561.00
13. Jun 18 Sell State Street Global Advisors, Inc. Company 12. Jun 18 12. Jun 18 -4,347 $-20,311.40
13. Jun 18 Buy State Street Global Advisors, Inc. Company 12. Jun 18 12. Jun 18 1,710 $7,989.99
13. Jun 18 Sell M&G Investment Management Limited Company 12. Jun 18 12. Jun 18 -337,544 $-1,577,810.61
12. Jun 18 Sell The Bank of Nova Scotia, Banking Investments Company 11. Jun 18 11. Jun 18 -42,083 $-195,957.51
12. Jun 18 Buy Legal & General Investment Management Limited Company 11. Jun 18 11. Jun 18 7,077 $32,995.38
12. Jun 18 Sell State Street Global Advisors, Inc. Company 11. Jun 18 11. Jun 18 -3,454 $-16,097.25
11. Jun 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 08. Jun 18 08. Jun 18 -20,175 $0.00
11. Jun 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 08. Jun 18 08. Jun 18 20,175 $93,828.40
11. Jun 18 Buy State Street Global Advisors, Inc. Company 08. Jun 18 08. Jun 18 570 $2,644.04
11. Jun 18 Buy Legal & General Investment Management Limited Company 08. Jun 18 08. Jun 18 658 $3,073.41
08. Jun 18 Sell The Bank of Nova Scotia, Banking Investments Company 07. Jun 18 07. Jun 18 -95,000 $-450,245.94
08. Jun 18 Buy Legal & General Investment Management Limited Company 07. Jun 18 07. Jun 18 3,100 $14,692.61
08. Jun 18 Sell BlackRock, Inc. Company 07. Jun 18 07. Jun 18 -43,216 $-204,226.50
08. Jun 18 Sell Allianz Asset Management AG Company 07. Jun 18 07. Jun 18 -546,143 $-2,575,030.01
07. Jun 18 Buy State Street Global Advisors, Inc. Company 06. Jun 18 06. Jun 18 569 $2,669.10
07. Jun 18 Buy Standard Life Aberdeen plc Company 06. Jun 18 06. Jun 18 34,753 $162,368.45
06. Jun 18 Buy BlackRock, Inc. Company 05. Jun 18 05. Jun 18 380 $1,747.58
05. Jun 18 Sell LSV Asset Management Company 05. Jun 18 05. Jun 18 -161,600 $-743,179.49
04. Jun 18 Sell Standard Life Aberdeen plc Company 01. Jun 18 01. Jun 18 -216,225 $-991,460.60
04. Jun 18 Buy State Street Global Advisors, Inc. Company 01. Jun 18 01. Jun 18 3,756 $17,197.39
04. Jun 18 Sell BlackRock, Inc. Company 01. Jun 18 01. Jun 18 -5,282 $-24,206.96
01. Jun 18 Sell Standard Life Aberdeen plc Company 31. May 18 31. May 18 -190,205 $-870,939.54
01. Jun 18 Sell Legal & General Investment Management Limited Company 31. May 18 31. May 18 -6,163 $-28,140.78
01. Jun 18 Sell BlackRock, Inc. Company 31. May 18 31. May 18 -159,541 $-726,815.03
01. Jun 18 Buy BlackRock, Inc. Company 31. May 18 31. May 18 6,672 $30,395.38
01. Jun 18 Sell The Bank of Nova Scotia, Banking Investments Company 31. May 18 31. May 18 -3,554 $-16,313.10
31. May 18 Sell Standard Life Aberdeen plc Company 30. May 18 30. May 18 -7,236 $-32,607.33
31. May 18 Sell Schroder Investment Management Limited Company 30. May 18 30. May 18 -569,719 $-2,597,805.84
30. May 18 Buy BlackRock, Inc. Company 29. May 18 29. May 18 28,704 $130,296.30
30. May 18 Buy The Bank of Nova Scotia, Banking Investments Company 29. May 18 29. May 18 94,736 $429,053.81
30. May 18 Sell Standard Life Aberdeen plc Company 29. May 18 29. May 18 -355,391 $-1,608,517.79
29. May 18 Sell Standard Life Aberdeen plc Company 25. May 18 25. May 18 -757 $-3,442.74
25. May 18 Buy BlackRock, Inc. Company 24. May 18 24. May 18 4,559 $20,602.17
25. May 18 Buy The Bank of Nova Scotia, Banking Investments Company 24. May 18 24. May 18 42,347 $190,294.19
25. May 18 Sell Standard Life Aberdeen plc Company 24. May 18 24. May 18 -290,521 $-1,305,485.46
24. May 18 Sell Schroder Investment Management Limited Company 23. May 18 23. May 18 -231,256 $-1,056,603.81
24. May 18 Sell Standard Life Aberdeen plc Company 23. May 18 23. May 18 -986,865 $-4,492,902.31
24. May 18 Sell BlackRock, Inc. Company 23. May 18 23. May 18 -76,167 $-342,432.13
24. May 18 Buy BlackRock, Inc. Company 23. May 18 23. May 18 28,992 $131,023.78
24. May 18 Buy State Street Global Advisors, Inc. Company 23. May 18 23. May 18 568 $2,553.62
23. May 18 Buy The Bank of Nova Scotia, Banking Investments Company 22. May 18 22. May 18 2,500,000 $11,414,757.50
23. May 18 Sell Standard Life Aberdeen plc Company 22. May 18 22. May 18 -558,438 $-2,581,271.32
22. May 18 Sell Schroder Investment Management Limited Company 21. May 18 21. May 18 -293,745 $-1,343,678.93
22. May 18 Sell M&G Investment Management Limited Company 21. May 18 21. May 18 -16,240 $-73,946.75
22. May 18 Sell Standard Life Aberdeen plc Company 21. May 18 21. May 18 -249,972 $-1,136,068.75
21. May 18 Buy State Street Global Advisors, Inc. Company 18. May 18 18. May 18 8,568 $39,719.36
21. May 18 Sell BlackRock, Inc. Company 18. May 18 18. May 18 -28,076 $-130,118.81
21. May 18 Buy BlackRock, Inc. Company 18. May 18 18. May 18 9,333 $43,258.76
18. May 18 Buy State Street Global Advisors, Inc. Company 17. May 18 17. May 18 1,704 $7,991.89
18. May 18 Sell BlackRock, Inc. Company 17. May 18 17. May 18 -3,538 $-16,593.49
18. May 18 Buy BlackRock, Inc. Company 17. May 18 17. May 18 60,075 $281,756.38
17. May 18 Buy State Street Global Advisors, Inc. Company 16. May 18 16. May 18 2,272 $10,586.90
16. May 18 Sell Macquarie Group, Ltd., Banking & Securities Investments Company 15. May 18 15. May 18 -148,000 $-689,720.40
14. May 18 Buy BlackRock, Inc. Company 11. May 18 11. May 18 377 $1,763.73
14. May 18 Buy Legal & General Investment Management Limited Company 11. May 18 11. May 18 3,018 $13,883.84
14. May 18 Sell The Bank of Nova Scotia, Banking Investments Company 11. May 18 11. May 18 -4,511,000 $-20,401,538.82
11. May 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 10. May 18 10. May 18 75,000 $335,887.35
11. May 18 Sell LSV Asset Management Company 11. May 18 11. May 18 -10,200 $-47,719.06
11. May 18 Sell BlackRock, Inc. Company 10. May 18 10. May 18 -3,709 $-16,580.73
11. May 18 Sell Standard Life Aberdeen plc Company 10. May 18 10. May 18 -1,656 $-7,402.99
10. May 18 Buy Macquarie Group, Ltd., Banking & Securities Investments Company 09. May 18 09. May 18 73,000 $336,985.59
10. May 18 Sell The Bank of Nova Scotia, Banking Investments Company 09. May 18 09. May 18 -17,229 $-79,767.13
10. May 18 Buy The Bank of Nova Scotia, Banking Investments Company 09. May 18 09. May 18 17,229 $79,767.13
09. May 18 Sell Standard Life Aberdeen plc Company 08. May 18 08. May 18 -1,249,332 $-5,704,858.31
09. May 18 Buy Standard Life Aberdeen plc Company 08. May 18 08. May 18 523,011 $2,385,773.25
09. May 18 Sell The Bank of Nova Scotia, Banking Investments Company 08. May 18 08. May 18 -16,471 $-74,132.53
09. May 18 Buy The Bank of Nova Scotia, Banking Investments Company 08. May 18 08. May 18 16,471 $75,690.87
09. May 18 Sell BlackRock, Inc. Company 08. May 18 08. May 18 -5,408 $-24,812.46
29. Mar 18 Sell Marian Martin Individual 29. Mar 18 29. Mar 18 -50,000 $-184,759.60
14. Dec 17 Sell Mark Parker Individual 13. Dec 17 13. Dec 17 -83,200 $-305,722.06
28. Mar 18 Sell Glen Moreno Individual 27. Mar 18 27. Mar 18 -71,164 $-261,622.42
X
Management checks
We assess Virgin Money Holdings (UK)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Virgin Money Holdings (UK) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VM. News

External News
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Simply Wall St News

What Did Virgin Money Holdings (UK) plc's (LON:VM.) CEO Take Home Last Year?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … CEOs leading companies of similar size and profitability

Simply Wall St -

Is Virgin Money Holdings (UK) plc's (LON:VM.) PE Ratio A Signal To Buy For Investors?

Virgin Money Holdings (UK) plc (LON:VM.) trades with a trailing P/E of 10.6x, which is lower than the industry average of 12.3x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … Check out our latest analysis for Virgin Money Holdings (UK)

Simply Wall St -

Who Just Sold Their Shares In Virgin Money Holdings (UK) plc (LON:VM.)?

Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. … Virgin Money Holdings (UK)'s insiders have divested from. … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

Why Virgin Money Holdings (UK) plc (LON:VM.) May Not Be As Risky Than You Think

As a small-cap bank with a market capitalisation of UK£1.70b, Virgin Money Holdings (UK) plc’s (LON:VM.) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Virgin Money Holdings (UK)’s bottom line. … Today we will analyse Virgin Money Holdings (UK)’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

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Virgin Money Holdings (UK) plc (LON:VM.) Is Trading At A 20.61% Discount Right Now

Understanding these differences is crucial when it comes to putting a value on the bank stock. … The tiered capital structure is common for banks to abide by, in order to ensure they maintain a sufficient level of cash for their customers.

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How Do Analysts See Virgin Money Holdings (UK) plc (LON:VM.) Performing In The Next Couple Of Years?

The most recent earnings announcement Virgin Money Holdings (UK) plc's (LON:VM.) released in December 2017a

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Can Virgin Money Holdings (UK) plc's (LON:VM.) ROE Continue To Surpass The Industry Average?

and want a simplistic look at the return on Virgin Money Holdings (UK) plc (LON:VM.) stock. … Virgin Money Holdings (UK) plc (LON:VM.) delivered an ROE of 10.53% over the past 12 months, which is relatively in-line with its industry average of 7.99% during the same period. … can invest even more and earn more money, thus pushing up its returns.

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What Are Analysts Saying About Virgin Money Holdings (UK) plc's (LON:VM.) Future?

Virgin Money Holdings (UK) plc's (LSE:VM.) most recent earnings update in December 2017 showed that the company experienced a strong tailwind, leading to a double-digit earnings growth of 28.69%. … Below is a brief commentary on my key takeaways on how market analysts predict Virgin Money Holdings (UK)'s earnings growth trajectory over the next few years and whether the future looks even brighter than the past. … The pro of this technique is that we can get a bigger picture of the direction of Virgin Money Holdings (UK)'s earnings trajectory over the long run, irrespective of near term fluctuations, be more volatile.

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Top Cheap Stocks This Week

Companies, such as Virgin Money Holdings (UK), are deemed to be undervalued because their shares are currently trading below their true values. … VM.'s shares are currently floating at around -37% under its actual level of £4.97, at the market price of UK£3.12, based on its expected future cash flows. … ARW's shares are currently floating at around -61% less than its true value of £9.35, at the market price of UK£3.64, according to my discounted cash flow model.

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Should You Be Concerned About Virgin Money Holdings (UK) plc’s (LON:VM.) Risks?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Virgin Money Holdings (UK)’s bottom line. … If it writes off more than 100% of the bad debt it provisioned for, then it has inadequately estimated the factors that may have added to a higher bad loan level which begs the question – does Virgin Money Holdings (UK) understand its own risk? … Since Virgin Money Holdings (UK)’s total deposit to total liabilities is within the sensible margin at 78.46% compared to other banks' level of 50%, it shows a prudent level of the bank's safer form of borrowing and an appropriate level of risk.Next Steps: Virgin Money Holdings (UK)’s level of deposits is sensible relative to its liabilities.

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VM. Company Info

Map
Description

Virgin Money Holdings (UK) plc engages in the retail banking business primarily in the United Kingdom. The company offers current accounts; savings accounts, including cash individual savings accounts (ISAs), easy access accounts, fixed term accounts, limited access accounts, and children's accounts; first time buyer, buy-to-let, remortgaging, and moving home mortgages; balance and money transfer, purchase, and other credit cards, as well as money prepaid cards; life, pet, travel, and home insurance; and personal, children, and workplace pensions, as well as other pensions and retirement products. It also provides investments, including stocks and shares ISAs, unit trusts, and financial planning products; and international money transfers and travel money products. The company operates 75 stores and 7 customer lounges. The company was formerly known as Virgin Money Group Limited and changed its name to Virgin Money Holdings (UK) plc in July 2014. Virgin Money Holdings (UK) plc was founded in 1995 and is based in Newcastle upon Tyne, the United Kingdom.

Details
Name: Virgin Money Holdings (UK) plc
VM.
Exchange: LSE
Founded: 1995
£1,558,113,204
446,067,336
Website: http://uk.virginmoney.com
Address: Virgin Money Holdings (UK) plc
Jubilee House,
Gosforth,
Newcastle upon Tyne,
Tyne and Wear, NE3 4PL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE VM. Ordinary Shares London Stock Exchange GB GBP 13. Nov 2014
OTCPK VRGD.F Ordinary Shares Pink Sheets LLC US USD 13. Nov 2014
DB V0M Ordinary Shares Deutsche Boerse AG DE EUR 13. Nov 2014
BATS-CHIXE VMl Ordinary Shares BATS 'Chi-X Europe' GB GBP 13. Nov 2014
Number of employees
Current staff
Staff numbers
3,290
Virgin Money Holdings (UK) employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/15 18:42
End of day share price update: 2018/10/12 00:00
Last estimates confirmation: 2018/10/15
Last earnings filing: 2018/07/26
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.