Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Smartgroup Corporation Ltd ( (AU:SIQ) ) has provided an announcement.
First Sentier Group Limited and a wide network of related entities and associates, ultimately linked to Mitsubishi UFJ Financial Group, have notified Smartgroup Corporation Ltd that they have ceased to be a substantial shareholder as of 16 January 2026, under Australia’s Corporations Act disclosure regime. The change in status reduces the concentration of institutional ownership in Smartgroup’s register and may signal a reshaping of its shareholder base, potentially affecting perceptions of institutional support and trading dynamics, though no specific transaction details or strategic rationale were disclosed in the notice.
The most recent analyst rating on (AU:SIQ) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on Smartgroup Corporation Ltd stock, see the AU:SIQ Stock Forecast page.
More about Smartgroup Corporation Ltd
Smartgroup Corporation Ltd is an Australian-listed company that operates in the outsourced services sector, with a focus on salary packaging, fleet management, and related employee benefit administration services for government, corporate and not-for-profit clients.
Average Trading Volume: 344,478
Technical Sentiment Signal: Buy
Current Market Cap: A$1.22B
Learn more about SIQ stock on TipRanks’ Stock Analysis page.