Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Smartgroup Corporation Ltd ( (AU:SIQ) ) has issued an announcement.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Smartgroup Corporation Ltd, acquiring a significant voting power of 5.30% through its relevant interests in securities held by Morgan Stanley and First Sentier Investors Holdings Pty Limited. This development indicates a strategic move by Mitsubishi UFJ Financial Group to strengthen its influence in Smartgroup Corporation, potentially impacting the company’s governance and future decisions, while also reflecting Mitsubishi UFJ’s broader investment strategy.
The most recent analyst rating on (AU:SIQ) stock is a Hold with a A$9.50 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
Average Trading Volume: 457,653
Technical Sentiment Signal: Buy
Current Market Cap: A$1.04B
Learn more about SIQ stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue