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AMP ( (AU:AMP) ) just unveiled an update.
AMP Limited has announced an on-market buyback of up to A$150 million of its ordinary shares, following receipt of the necessary regulatory approvals. The program is scheduled to begin after the release of the company’s first-quarter cashflows on 16 April 2026 and will be limited to no more than 10% of AMP’s issued capital over a 12-month period.
Chief executive Alexis George said the move reflects AMP’s commitment to returning surplus capital to shareholders in the absence of more attractive alternatives. The buyback signals management’s view that repurchasing shares is currently the most efficient use of capital, underscoring a focus on capital discipline alongside organic growth in its core wealth businesses.
The most recent analyst rating on (AU:AMP) stock is a Sell with a A$1.00 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
More about AMP
AMP Limited is a diversified Australian financial services group focused on wealth management and related financial products. The company prioritises organic growth in its wealth businesses while actively managing its capital structure to enhance shareholder returns.
Average Trading Volume: 11,246,375
Technical Sentiment Signal: Sell
Current Market Cap: A$3.21B
Learn more about AMP stock on TipRanks’ Stock Analysis page.