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Washington H. Soul Pattinson and Co. ( (AU:SOL) ) has issued an announcement.
Washington H. Soul Pattinson and Company Limited (Soul Patts) has announced a change in its substantial holding interests, now holding more than 20% voting power in Pengana Capital Group Limited (PCG). This increase in voting power from 11.97% to 16.52% signifies a strategic move by Soul Patts to strengthen its influence in PCG, potentially impacting its operations and market positioning. This development may have implications for stakeholders, as it reflects Soul Patts’ ongoing strategy to enhance its investment portfolio and influence within the financial sector.
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 transitioned from its origins in owning and operating pharmacies to becoming a diversified investment house. It holds a portfolio across various industries, focusing on long-term investments to deliver capital growth and regular dividends. Investors in Soul Patts gain exposure to asset classes such as listed equities, private markets, credit, and property.
Average Trading Volume: 525,951
Technical Sentiment Signal: Buy
Current Market Cap: A$14.88B
Find detailed analytics on SOL stock on TipRanks’ Stock Analysis page.