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Macquarie Group Reduces Stake in Perpetual Limited

Story Highlights
  • Macquarie Group’s voting power in Perpetual Limited decreased from 6.78% to 5.76%.
  • This reduction may impact Macquarie’s influence over Perpetual Limited’s strategic decisions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Macquarie Group Reduces Stake in Perpetual Limited

Perpetual Limited ( (AU:PPT) ) has provided an announcement.

Perpetual Limited has announced a change in the interests of its substantial holder, Macquarie Group Limited, and its controlled entities. The voting power of Macquarie Group Limited in Perpetual Limited has decreased from 6.78% to 5.76%, indicating a reduction in their stake. This change in voting power may affect Macquarie’s influence over decisions at Perpetual Limited, potentially impacting the company’s strategic direction and governance.

More about Perpetual Limited

YTD Price Performance: 3.42%

Average Trading Volume: 276

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: €1.35B

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

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