tiprankstipranks
Advertisement
Advertisement

AMP updates market on progress of on-market share buy-back

Story Highlights
  • AMP Limited reported continued progress in its on-market share buy-back, repurchasing over seven million ordinary shares by 23 April 2026.
  • The ongoing buy-back highlights AMP’s active capital management strategy, aiming to reduce shares on issue and potentially enhance shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AMP updates market on progress of on-market share buy-back

Claim 55% Off TipRanks

The latest announcement is out from AMP ( (AU:AMP) ).

AMP Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back of ordinary fully paid shares. The latest filing, dated 23 April 2026, confirms that a total of 5,008,471 shares had been repurchased prior to the previous trading day, with an additional 2,537,485 shares bought back on the prior day as part of the program.

The update reflects AMP’s continued execution of the buy-back first notified in late March 2026, signalling an active approach to capital management. By reducing the number of shares on issue, the program may support earnings per share and potentially enhance shareholder value, underscoring AMP’s focus on returning capital and optimizing its balance sheet.

The most recent analyst rating on (AU:AMP) stock is a Buy with a A$1.90 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 an Australian financial services group listed on the ASX, providing wealth management, banking, and investment products. Its ordinary fully paid shares trade under the ticker AMP, and the company actively manages its capital structure, including through on-market share buy-back programs.

Average Trading Volume: 12,673,217

Technical Sentiment Signal: Hold

Current Market Cap: A$3.62B

For a thorough assessment of AMP stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1