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MUFG Acquires Substantial Holding in Smartgroup

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MUFG Acquires Substantial Holding in Smartgroup

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Smartgroup Corporation Ltd ( (AU:SIQ) ) has issued an announcement.

Smartgroup Corporation Ltd has announced that Mitsubishi UFJ Financial Group Inc. (MUFG) has become a substantial holder in the company through its subsidiary, First Sentier Investors Holdings Pty Limited. This development indicates MUFG’s strategic interest in Smartgroup, potentially influencing its market positioning and future operations, given MUFG’s significant voting power in the company.

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

YTD Price Performance: 2.62%

Average Trading Volume: 459,082

Technical Sentiment Signal: Buy

Current Market Cap: A$1.04B

See more insights into SIQ stock on TipRanks’ Stock Analysis page.

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