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OFX Group Ltd. ( (AU:OFX) ) just unveiled an announcement.
Mitsubishi UFJ Financial Group, Inc. has increased its stake in OFX Group Limited, a company involved in financial services, by acquiring additional fully paid ordinary shares. This change in shareholding reflects a rise in Mitsubishi UFJ Financial Group’s voting power from 5.27% to 6.33%. The acquisition of shares indicates a strategic move by Mitsubishi UFJ Financial Group to strengthen its influence within OFX Group Limited, potentially impacting the company’s future decisions and operations.
The most recent analyst rating on (AU:OFX) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on OFX Group Ltd. stock, see the AU:OFX Stock Forecast page.
More about OFX Group Ltd.
Average Trading Volume: 975,556
Technical Sentiment Signal: Sell
Current Market Cap: A$180.2M
For a thorough assessment of OFX stock, go to TipRanks’ Stock Analysis page.