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Sequoia Financial Group Ltd. ( (AU:SEQ) ) has issued an announcement.
Sequoia Financial Group Ltd. reported a 13.7% increase in operating profit for FY25, reaching $9.9 million, despite maintaining revenue levels similar to FY24. The company experienced significant growth in funds under advice, increasing from $12.5 billion to $18 billion, and declared a fully franked final dividend of 2 cents per share. The company simplified its operational structure, reducing from four divisions to two, and implemented technological improvements to enhance efficiency and margins. Sequoia also continued its investment in compliance systems and personnel, contributing to improved oversight and license integrity. The company maintained a strong balance sheet with net cash of $4.4 million and ASX-listed investments totaling over $16 million, while continuing its share buy-back program.
The most recent analyst rating on (AU:SEQ) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Sequoia Financial Group Ltd. stock, see the AU:SEQ Stock Forecast page.
More about Sequoia Financial Group Ltd.
Sequoia Financial Group Ltd. is an integrated financial services company operating in the financial sector. The company provides a range of services including Licensee and Adviser Services, Legal and Administration Services, and investments in various financial entities. Sequoia focuses on high-net-worth wealth management and operates in a fragmented market providing legal structures and documents for Australian accounting firms.
Average Trading Volume: 391,603
Technical Sentiment Signal: Sell
Current Market Cap: A$37.08M
Learn more about SEQ stock on TipRanks’ Stock Analysis page.