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Pinnacle Investment Gains State Street as Substantial Holder

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Pinnacle Investment Gains State Street as Substantial Holder

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An update from Pinnacle Investment Management Group Limited ( (AU:PNI) ) is now available.

Pinnacle Investment Management Group Limited has announced the acquisition of a substantial holding in their company by State Street Corporation and its subsidiaries. This development indicates a significant shift in the company’s shareholder structure, potentially impacting its governance and strategic direction. The involvement of major institutional investors like State Street could enhance Pinnacle’s market positioning and influence within the investment management industry.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

More about Pinnacle Investment Management Group Limited

Average Trading Volume: 987,618

Technical Sentiment Signal: Buy

Current Market Cap: A$4.29B

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

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