Numis Securities has come out as the biggest winner this year in the battle of the sell-side equity analysts, although Goldman Sachs’ Rob Joyce has the strongest track record of any individual analyst, according to awards to be announced this week.
Analysts from Paternoster Square-headquartered Numis won 12 awards in the Thomson Reuters Starmine analyst awards across different categories, City A.M. can reveal.
Goldman’s retail analyst, Rob Joyce, was the best stock pickers in London during the past year, the data show, with an excess return for his tipped stocks of 25.4 per cent over the average.
Only Bank of America Merrill Lynch’s banks and financial services analyst, Philip Middleton, matched Joyce in recording an excess return of more than 20 per cent, at 24.8 per cent.
The City’s best stock pickers
|
Rank |
Analyst |
Broker |
Overall Excess Return |
Primary Coverage Industries |
|
1 |
Rob Joyce |
Goldman Sachs |
25.4% |
Retail |
|
2 |
Philip Middleton |
BofA Merrill Lynch Global Research |
24.8% |
Banks and financial services |
|
3 |
Gregor Kuglitsch |
UBS |
18.4% |
Construction; consumer and business services |
|
4 |
Rahim Karim |
Liberum |
18.3% |
Consumer and business services; banks and financial services |
|
5 |
James Hamilton |
Numis Securities |
18.3% |
Banks and financial services |
|
6 |
Daud Khan |
Canaccord Genuity |
16.8% |
Technology equipment and services |
|
7 |
Phillip Carroll |
Shore Capital |
15.5% |
Food and household products; retail |
|
8 |
Gavin Jago |
Peel Hunt |
15.2% |
Construction; real estate; consumer and business services |
|
9 |
Paul Cuddon |
Numis Securities |
14.8% |
Health care |
|
10 |
Richard Edwards |
Goldman Sachs |
13.6% |
Retail |
Meanwhile, SG Securities’ retail analyst Anne Critchlow came top of the pile for earnings estimate accuracy, followed by Numis’s construction and real estate analyst Christopher Millington.
A strong performance on stock picking and earnings estimates will likely play an increasingly important role for sell-side analysts, after the Mifid II regulations this year shone the spotlight on the industry. Firms must now be transparent about how they charge clients for research, with industry figures predicting the sector could shrink as investors focus on value.
While Numis came out as the winner overall, UBS and Investec Securities also enjoyed strong firm-wide performances, with eight awards apiece.
Best earnings estimates by analyst
|
Rank |
Analyst |
Broker |
Primary Coverage Industries |
|
1 |
Anne Critchlow |
SG Securities |
Retail |
|
2 |
Christopher Millington |
Numis Securities |
Construction; real estate |
|
3 |
Assad Malic |
Citi Research |
Retail |
|
4 |
Daniel Garrod |
Barclays |
Banks and financial services |
|
5 |
Gregor Kuglitsch |
UBS |
Construction; consumer and business services |
|
6 |
James Grzinic |
Jefferies International Limited |
Retail |
|
7 |
Michael Mitchell |
Davy Stockbrokers |
Consumer and business services |
|
8 |
David Pleming |
HSBC Global Research |
Metals and mining |
|
9 |
Christopher Fremantle |
Morgan Stanley |
Real estate; construction |
|
10 |
Patrick Wellington |
Morgan Stanley |
Media |
Best earnings estimates by industry
|
Rank |
Industry |
Analyst |
Broker |
|
1 |
Banks and financial services |
Daniel Garrod |
Barclays |
|
1 |
Construction |
Gregor Kuglitsch |
UBS |
|
1 |
Consumer and business services |
Justin Jordan |
Jefferies International Limited |
|
1 |
Energy |
Brian Gallagher |
Investec Securities |
|
1 |
Equipment and machinery |
Robert Davies |
Morgan Stanley |
|
1 |
Food and household products |
Komal Dhillon |
J.P. Morgan Cazenove |
|
1 |
Health care |
David Amsellem |
Piper Jaffray |
|
1 |
Hotels, restaurants and leisure |
Joseph Thomas |
HSBC Global Research |
|
1 |
Insurance |
Barrie Cornes |
Panmure Gordon |
|
1 |
Media |
Patrick Wellington |
Morgan Stanley |
|
1 |
Metals and mining |
David Pleming |
HSBC Global Research |
|
1 |
Real estate |
Christopher Fremantle |
Morgan Stanley |
|
1 |
Retail |
Anne Critchlow |
SG Securities |
|
1 |
Technology equipment and services |
James Goodman |
Barclays |
|
1 |
Transportation |
Joe Spooner |
Jefferies International Limited |
|
1 |
Utilities |
Roshan Patel |
Investec Securities |
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