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Liontrust Cancels 46,446 Shares Under Ongoing Buyback Programme

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Liontrust Cancels 46,446 Shares Under Ongoing Buyback Programme

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Liontrust Asset Management ( (GB:LIO) ) has shared an update.

Liontrust Asset Management has repurchased 46,446 of its ordinary shares at a volume-weighted average price of 234.74 pence per share under its previously announced share buyback programme, with all the acquired shares to be cancelled. Following this transaction, Liontrust’s issued share capital stands at 62,474,293 ordinary shares, all carrying voting rights, a move that marginally reduces the share count and may enhance earnings per share and shareholder value while updating investors’ reference point for regulatory disclosure thresholds.

The most recent analyst rating on (GB:LIO) stock is a Sell with a £175.00 price target. To see the full list of analyst forecasts on Liontrust Asset Management stock, see the GB:LIO Stock Forecast page.

Spark’s Take on GB:LIO Stock

According to Spark, TipRanks’ AI Analyst, GB:LIO is a Neutral.

Liontrust Asset Management’s overall stock score is driven by its strong valuation metrics, including a low P/E ratio and high dividend yield, which suggest potential undervaluation. However, bearish technical indicators and challenges in financial performance, such as declining revenue and free cash flow, weigh on the score. The company’s strategic corporate actions, like share buybacks, provide some positive outlook but are not included in the weighted calculation.

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

More about Liontrust Asset Management

Liontrust Asset Management is an independent fund management group based in the UK, specialising in managing investment funds for institutional and retail clients. The company operates in the asset management industry, focusing on actively managed investment strategies across a range of asset classes for investors seeking professional portfolio management.

Average Trading Volume: 384,364

Technical Sentiment Signal: Sell

Current Market Cap: £145.2M

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

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