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Ninety One ( (GB:N91) ) just unveiled an announcement.
Ninety One has disclosed that the Public Investment Corporation’s beneficial interest in Ninety One Limited has decreased from 15.116% to 13.326% of the company’s issued ordinary shares. The reduction in PIC’s percentage holding results from Ninety One issuing new ordinary shares, rather than from PIC buying or selling shares, and the company has filed the necessary notices with the Takeover Regulation Panel in line with South African Companies Act and JSE regulatory requirements, underscoring ongoing compliance and clarifying that ownership dilution arose purely from capital issuance.
The most recent analyst rating on (GB:N91) stock is a Buy with a £279.00 price target. To see the full list of analyst forecasts on Ninety One stock, see the GB:N91 Stock Forecast page.
Spark’s Take on GB:N91 Stock
According to Spark, TipRanks’ AI Analyst, GB:N91 is a Outperform.
Ninety One’s overall stock score is driven by its strong financial performance and attractive valuation, supported by positive earnings call insights and strategic corporate actions. While technical indicators suggest some caution, the company’s robust fundamentals and strategic initiatives position it well for future growth.
To see Spark’s full report on GB:N91 stock, click here.
More about Ninety One
Ninety One plc and Ninety One Limited are dual-listed investment management companies incorporated in England, Wales and South Africa, with shares traded on both the London Stock Exchange and the Johannesburg Stock Exchange. The group operates within the asset management and financial services industry, offering investment products and solutions to institutional and retail clients, with a significant shareholder base that includes large institutional investors such as South Africa’s Public Investment Corporation (PIC).
Average Trading Volume: 673,907
Technical Sentiment Signal: Buy
Current Market Cap: £4.57B
Find detailed analytics on N91 stock on TipRanks’ Stock Analysis page.