Westpac Updates on Voting Share Control

The latest update is out from Westpac Banking ( (AU:WBC) ).

Westpac Banking Corporation has announced the aggregated percentage of voting shares controlled by its entities, which stands at 0.33% of the total voting shares issued. This update, in accordance with the exemption granted by the Australian Securities and Investments Commission, highlights Westpac’s control over certain shares through its entities like BT Funds Management and Westpac Financial Services, impacting its operational strategy and stakeholder interests.

The most recent analyst rating on (AU:WBC) stock is a Sell with a A$25.80 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.

More about Westpac Banking

Westpac Banking Corporation is a prominent financial services company in Australia, primarily offering banking and financial products. The company focuses on providing services such as superannuation funds, institutional investor portfolios, and unit trusts, with a significant presence in the Australian financial market.

Average Trading Volume: 5,613,039

Technical Sentiment Signal: Buy

Current Market Cap: A$114.5B

Find detailed analytics on WBC stock on TipRanks’ Stock Analysis page.