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AMP ( (AU:AMP) ) just unveiled an update.
AMP Limited has announced a change in its net economic exposure to its own shares, as per the exemption under Sub-section 259C(2) of the Corporations Act. The company reported a decrease in its ordinary shares from 21,425,012 to 20,618,359, representing a slight reduction in its percentage of total shares from 0.85% to 0.81%. This adjustment in shareholding may impact the company’s control over voting shares and its strategic positioning in the market.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$1.80 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 financial services company based in Australia, primarily involved in providing banking, investment, and insurance services. The company focuses on wealth management and financial planning, catering to a diverse clientele in the Australian market.
Average Trading Volume: 8,280,197
Technical Sentiment Signal: Buy
Current Market Cap: A$4.2B
Learn more about AMP stock on TipRanks’ Stock Analysis page.