Soul Patts Adjusts Substantial Holdings in PCG and PFP

Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has shared an announcement.

Washington H. Soul Pattinson and Company Limited (Soul Patts) announced a change in its substantial holding interests, specifically in Pengana Capital Group Limited (PCG) and Propel Funeral Partners Limited (PFP). The announcement highlights a technical interest due to Soul Patts holding more than 20% voting power in PCG. This change reflects a slight increase in voting power in PFP and a decrease in PCG, indicating strategic adjustments in their investment portfolio, which could impact their market positioning and stakeholder interests.

The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.

More about Washington H. Soul Pattinson and Co.

Washington H. Soul Pattinson and Company Limited (Soul Patts) is an Australian public company that has evolved from owning and operating pharmacies to becoming an investment house with a diversified portfolio across multiple industries. The company focuses on creating capital growth and regular dividends, offering investors access to asset classes such as listed equities, private markets, credit, and property.

YTD Price Performance: 9.24%

Average Trading Volume: 444,165

Technical Sentiment Signal: Buy

Current Market Cap: A$13.59B

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