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An announcement from Platinum Asset Management Ltd ( (AU:PTM) ) is now available.
Platinum Asset Management Ltd has announced a change in the interests of a substantial holder, Mitsubishi UFJ Financial Group, Inc. The change reflects an increase in the voting power of Mitsubishi UFJ Financial Group, Inc. from 6.05% to 7.26%, involving a total of 42,259,340 fully paid ordinary shares. This adjustment in shareholding may impact the company’s strategic decisions and influence its market positioning, as Mitsubishi UFJ Financial Group, Inc. now holds a more significant stake.
The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.90 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.
More about Platinum Asset Management Ltd
Average Trading Volume: 2,072,538
Technical Sentiment Signal: Sell
Current Market Cap: A$330.1M
Find detailed analytics on PTM stock on TipRanks’ Stock Analysis page.