Perpetual Limited ( (AU:PPT) ) has provided an update.
Soul Patts announced a significant change in its investment in Perpetual Limited, reducing its long holding to 8.46%, with 5.36% held via physical shares. This adjustment follows the unwinding of short equity derivative positions and the expiry of a physically settled swap. The move reflects a strategic shift in Soul Patts’ investment approach and may impact its influence in Perpetual Limited, potentially affecting stakeholders and market dynamics.
More about Perpetual Limited
Washington H. Soul Pattinson and Company Limited (Soul Patts) is an Australian public company with a history dating back to 1903. Originally involved in the pharmacy business, it has transformed into an investment house with a diversified portfolio across various industries. Soul Patts focuses on long-term investments, aiming to deliver superior returns through capital growth and regular dividends. Its investment portfolio includes listed equities, private markets, credit, and property.
YTD Price Performance: 3.42%
Average Trading Volume: 276
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €1.35B
For detailed information about PPT stock, go to TipRanks’ Stock Analysis page.