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BlackRock Increases Stake in XPS Pensions Group

Story Highlights
  • XPS Pensions Group provides consulting and administration services in the UK pensions industry.
  • BlackRock has increased its stake in XPS, crossing an 11% voting rights threshold.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BlackRock Increases Stake in XPS Pensions Group

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XPS Pensions Group Plc ( (GB:XPS) ) has shared an update.

BlackRock, Inc. has increased its stake in XPS Pensions Group PLC, crossing a significant threshold of 11% in voting rights. This acquisition highlights BlackRock’s strategic interest in the UK pensions sector, potentially impacting XPS’s market positioning and signaling confidence in its operations.

The most recent analyst rating on (GB:XPS) stock is a Buy with a £4.01 price target. To see the full list of analyst forecasts on XPS Pensions Group Plc stock, see the GB:XPS Stock Forecast page.

Spark’s Take on GB:XPS Stock

According to Spark, TipRanks’ AI Analyst, GB:XPS is a Outperform.

XPS Pensions Group demonstrates a strong overall performance, driven by robust financial metrics and strategic corporate actions. The stock is well-supported by positive technical indicators and an attractive valuation. The company’s strategic initiatives, such as acquisitions and stakeholder engagement, further strengthen its market position, presenting a compelling investment opportunity with a solid score of 78.

To see Spark’s full report on GB:XPS stock, click here.

More about XPS Pensions Group Plc

XPS Pensions Group PLC is a UK-based company operating in the pensions industry, providing consulting and administration services. The company focuses on delivering a range of pension-related services to clients, including actuarial advice, investment consulting, and pension scheme administration.

Average Trading Volume: 755,443

Technical Sentiment Signal: Buy

Current Market Cap: £761.8M

For an in-depth examination of XPS stock, go to TipRanks’ Overview page.

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