Plus500 Has a New Shareholder: US Asset Manager Capital Group Takes 5.44% Stake

American asset management firm Capital Group is now one of Plus500's (LON: PLUS) investors and holds a 5.44 per cent stake in the London-listed retail broker, according to an RNS filing with the London Stock Exchange today (Thursday).

However, the dollar value of Capital Group’s investment in Plus500 remains unknown. At current market price, the 3,917,567 Plus500 shares acquired by the wealth manager are worth £133.1 million (around $181 million).

Bullish PLUS Shares

Interestingly, PLUS shares are trading near peak value, continuing the rally since October 2023. In the last year, the broker’s share price has jumped almost 57 per cent, while the gain over the last five years is nearly 175 per cent.

Capital Group has become the third-largest shareholder in Plus500, only behind BlackRock and JP Morgan, who held 6.7 per cent and 5.5 per cent of the company’s voting rights, respectively, by the end of March 2025. Another major shareholder in the broker is The Vanguard Group, which controls 5.41 per cent of Plus500 shares.

Expansion in the US

The latest investment comes as Plus500 expands its services in the United States. However, unlike its global operations, where it is known for offering contracts for differences (CFDs), it is focusing on the US futures market.

Plus500 entered the US by acquiring two entities of the same group: Cunningham Commodities and Cunningham Trading Systems. The deal was closed for $30 million, which the Israeli broker paid from its growing cash reserves.

Read more: Plus500’s US Bet Pays Off—Aims to Expand with “Bolt-on Acquisition”

The broker’s focus in the US is on both institutional and retail customers. However, being a retail-centric platform, its plans for the retail side have drawn more attention. It recently extended its reach in the US by forming a partnership with Barchart, a US-based market data and technology provider.

Meanwhile, the company reported a 13 per cent quarter-over-quarter revenue increase in Q1 2025 to $205.8 million, although revenue dropped by 5 per cent compared to the corresponding quarter a year ago.