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AMP ( (AU:AMP) ) has shared an announcement.
AMP Limited has provided an updated notification on its ongoing on-market share buy-back of ordinary fully paid shares, reporting that a total of 28,501,939 securities had been repurchased prior to the latest trading day. The company disclosed that an additional 1,965,379 shares were bought back on the previous day, as part of a program initially announced in late March and updated daily through early May.
The continued execution of the on-market buy-back indicates AMP’s active capital management strategy, which may support earnings per share by reducing the number of shares on issue and potentially signal confidence in the company’s valuation. The daily reporting cadence underscores transparency for investors and other stakeholders, allowing close monitoring of the buy-back’s scale and progress over time.
The most recent analyst rating on (AU:AMP) stock is a Buy with a A$1.65 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 listed on the ASX, with its primary securities comprising ordinary fully paid shares under the code AMP. The group operates in the broader financial sector, focusing on investment, wealth management, and related services for a range of institutional and retail investors.
Average Trading Volume: 13,412,700
Technical Sentiment Signal: Buy
Current Market Cap: A$3.86B
Find detailed analytics on AMP stock on TipRanks’ Stock Analysis page.