Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Income Asset Management Group Limited ( (AU:IAM) ) has issued an announcement.
Income Asset Management Group Limited has sold its Term Deposit Broking Business to Perpetual Corporate Trust, which will result in significant cost savings and operational efficiencies for IAM. This strategic move allows IAM to focus on its core bond and loan offerings, while benefiting from a strengthened relationship with PCT, which is better equipped to handle the demands of the deposit broking market due to its larger scale and advanced technology platform.
The most recent analyst rating on (AU:IAM) stock is a Buy with a A$0.08 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.
More about Income Asset Management Group Limited
Income Asset Management Group Limited provides a platform for investors, advisers, and portfolio managers to research, execute, and manage income investments. The company specializes in a wide range of income investments, including bonds, loans, and treasury management services, with over $2 billion in funds under administration.
YTD Price Performance: -9.38%
Average Trading Volume: 1,159,115
Technical Sentiment Signal: Sell
Current Market Cap: A$27M
Learn more about IAM stock on TipRanks’ Stock Analysis page.