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Platinum Asset Management Ltd ( (AU:PTM) ) just unveiled an announcement.
Platinum Asset Management Ltd has announced a change in the interests of a substantial holder, Mitsubishi UFJ Financial Group, Inc., which now holds a significant number of fully paid ordinary shares in the company. This change in shareholding increases Mitsubishi UFJ Financial Group’s voting power from 5.05% to 6.05%, potentially impacting the company’s governance and decision-making processes. The adjustment in shareholding reflects Mitsubishi UFJ Financial Group’s strategic interest in Platinum Asset Management, which could influence the company’s market positioning and stakeholder relations.
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
Platinum Asset Management Ltd is a company involved in asset management, focusing on providing investment services and managing portfolios for clients. The company operates within the financial services industry, catering to a diverse range of stakeholders including individual and institutional investors.
Average Trading Volume: 1,839,008
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$272.7M
For an in-depth examination of PTM stock, go to TipRanks’ Overview page.