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Perpetual Limited ( (AU:PPT) ) has issued an announcement.
Perpetual Limited reported a solid first quarter for FY26, with growth across its three business lines: asset management, corporate trust, and wealth management. The asset management division saw an increase in assets under management due to strong global equity market returns and product innovation, including the launch of a new ETF. The corporate trust business continued to grow its funds under administration, while the wealth management segment, despite being up for sale, also reported growth. The company’s strategic moves, such as appointing a new CEO for J O Hambro and expanding its digital and markets segment, are aimed at enhancing its market position and providing diversification opportunities.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$21.60 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
More about Perpetual Limited
Perpetual Limited is a diversified financial services company operating primarily in asset management, corporate trust, and wealth management. The company focuses on providing innovative financial products and services across global markets, including the launch of active exchange-traded funds and revitalizing its international operations.
YTD Price Performance: 10.19%
Average Trading Volume: 247,850
Technical Sentiment Signal: Buy
Current Market Cap: A$2.36B
Find detailed analytics on PPT stock on TipRanks’ Stock Analysis page.