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Mitsubishi UFJ Financial Group Ceases Substantial Holding in Smartgroup

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Mitsubishi UFJ Financial Group Ceases Substantial Holding in Smartgroup

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Smartgroup Corporation Ltd ( (AU:SIQ) ) has provided an update.

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in Smartgroup Corporation Ltd, a company involved in the management of employee benefits and services. This change in substantial holding was due to the purchase of securities by an entity controlled by Morgan Stanley, affecting the voting securities of Smartgroup Corporation Ltd.

The most recent analyst rating on (AU:SIQ) stock is a Buy with a A$9.75 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: 435,711

Technical Sentiment Signal: Hold

Current Market Cap: A$989.2M

Learn more about SIQ stock on TipRanks’ Stock Analysis page.

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