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Pinnacle Investment Management Group Limited (AU:PNI)
ASX:PNI
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Pinnacle Investment Management Group Limited (PNI) AI Stock Analysis

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AU

Pinnacle Investment Management Group Limited

(Sydney:PNI)

Rating:73Outperform
Price Target:
AU$25.00
▲(8.55%Upside)
The overall score reflects strong technical momentum and solid financial stability, primarily driven by strong cash flow and equity positions. However, operational inefficiencies and a high valuation represent significant risks. Investors should be cautious about the current valuation while acknowledging the stock's favorable technical setup.

Pinnacle Investment Management Group Limited (PNI) vs. iShares MSCI Australia ETF (EWA)

Pinnacle Investment Management Group Limited Business Overview & Revenue Model

Company DescriptionPinnacle Investment Management Group Limited operates as an investment management company in Australia. The company offers third party distribution, and fund infrastructure and support services to its affiliates and various investment managers. It also operates as a corporate trustee and responsible entity for retail and wholesale investment trusts. The company was formerly known as Wilson Group Limited and changed its name to Pinnacle Investment Management Group Limited in August 2016. Pinnacle Investment Management Group Limited was founded in 1895 and is based in Sydney, Australia with additional offices in Brisbane, Australia, Melbourne, Australia, and London, United Kingdom.
How the Company Makes MoneyPinnacle Investment Management Group Limited primarily generates revenue through its multi-affiliate model, earning income by providing distribution and business support services to its affiliated boutique fund managers. The company takes a minority equity stake in these affiliates, sharing in their earnings and leveraging its platform to enhance their distribution capabilities and operational efficiencies. Revenue streams include management fees based on a percentage of assets under management (AUM), performance fees tied to the investment performance of managed funds, and service fees related to the support provided to affiliates. These revenue streams are influenced by factors such as the growth in AUM, market performance, and the successful acquisition and retention of clients by the affiliates. Pinnacle also benefits from strategic partnerships and collaborations that enhance its product offerings and distribution reach.

Pinnacle Investment Management Group Limited Financial Statement Overview

Summary
Pinnacle Investment Management Group Limited demonstrates financial stability with strong cash flow and equity positions. However, the recent decline in revenue and EBIT margin points to potential inefficiencies in operations. The company needs to address these issues to improve profitability and maintain growth trajectory.
Income Statement
67
Positive
The company shows a volatile revenue trend with a decline in the most recent year. Gross profit margin is strong, but there's a significant discrepancy between gross profit and net income. EBIT margin declined due to lower operating efficiency, indicating potential issues in cost management.
Balance Sheet
74
Positive
The balance sheet is strong with a solid equity base and moderate debt levels, resulting in a healthy Debt-to-Equity ratio. Return on Equity is robust, reflecting good profitability relative to shareholder equity.
Cash Flow
80
Positive
Cash flow is stable with positive free cash flow growth. The operating cash flow to net income ratio is healthy, indicating efficient cash conversion from operations. Free cash flow to net income ratio is strong, suggesting strong cash generation relative to net income.
BreakdownTTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue52.95M47.56M54.21M42.12M32.42M21.11M
Gross Profit9.90M6.78M52.65M39.80M30.04M18.62M
EBITDA-394.00K8.35M16.74M7.23M3.69M-2.54M
Net Income135.83M90.35M76.47M76.36M67.02M32.21M
Balance Sheet
Total Assets1.06B582.99M552.64M536.76M366.20M240.59M
Cash, Cash Equivalents and Short-Term Investments440.38M184.82M27.62M38.27M96.14M16.07M
Total Debt111.32M109.43M120.49M121.66M102.93M33.83M
Total Liabilities133.00M127.10M130.06M134.57M122.31M52.04M
Stockholders Equity928.79M455.89M422.57M402.18M243.89M188.55M
Cash Flow
Free Cash Flow-111.38M76.67M58.78M69.76M53.36M29.97M
Operating Cash Flow-111.36M76.70M58.79M71.77M53.41M32.66M
Investing Cash Flow-170.00M20.16M-6.71M-222.42M-26.24M-46.57M
Financing Cash Flow356.75M-91.92M-62.73M92.78M52.89M3.23M

Pinnacle Investment Management Group Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price23.03
Price Trends
50DMA
20.27
Positive
100DMA
19.28
Positive
200DMA
20.72
Positive
Market Momentum
MACD
0.62
Negative
RSI
71.98
Negative
STOCH
94.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PNI, the sentiment is Positive. The current price of 23.03 is above the 20-day moving average (MA) of 20.74, above the 50-day MA of 20.27, and above the 200-day MA of 20.72, indicating a bullish trend. The MACD of 0.62 indicates Negative momentum. The RSI at 71.98 is Negative, neither overbought nor oversold. The STOCH value of 94.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:PNI.

Pinnacle Investment Management Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (70)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUPNI
73
Outperform
AU$4.94B33.8520.18%2.87%36.76%70.74%
70
Neutral
€22.08B28.6810.88%5.02%4.57%1.35%
$2.53B21.244.84%1.24%
$1.82B-7.21%2.23%
DENNA
€947.53M6.9223.27%5.36%
DEPVQ
€1.35B-24.47%5.75%
AUGQG
81
Outperform
AU$6.70B10.16110.61%7.37%47.63%53.44%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:PNI
Pinnacle Investment Management Group Limited
23.03
7.78
51.02%
AMLTF
AMP
0.99
0.25
33.78%
IOOFF
Insignia Financial Ltd
2.72
1.05
62.87%
DE:NNA
Magellan Financial Group Ltd
5.35
<0.01
0.19%
DE:PVQ
Perpetual Limited
11.40
-1.19
-9.45%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
2.27
-0.35
-13.36%

Pinnacle Investment Management Group Limited Corporate Events

Pinnacle Investment Management Initiates Employee Share Buy-Back
Jul 8, 2025

Pinnacle Investment Management Group Limited has announced a new buy-back initiative involving 25,000 ordinary fully paid securities as part of an employee share scheme. This move is likely aimed at optimizing the company’s capital structure and enhancing shareholder value, reflecting a strategic decision to manage equity distribution effectively.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Announces Share Buy-back Under Incentive Plan
Jul 8, 2025

Pinnacle Investment Management Group Limited has announced a buy-back and cancellation of 25,000 ordinary shares under its Omnibus Incentive Plan. This move involves shares held by a former employee who is no longer entitled to them, and the buy-back is scheduled for implementation on July 24, 2025. This action reflects the company’s commitment to maintaining the integrity of its incentive plans and could have implications for its stock management and stakeholder relations.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Ceases Substantial Holding in Michael Hill International
Jun 27, 2025

Pinnacle Investment Management Group Limited, along with its subsidiaries, has ceased to be a substantial holder in Michael Hill International Ltd as of June 24, 2025. This change indicates a shift in Pinnacle’s investment strategy or portfolio management, potentially impacting its influence over Michael Hill International’s voting securities and decision-making processes.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Director Adjusts Shareholding
Jun 25, 2025

Pinnacle Investment Management Group Limited announced a change in the director’s interest, as Deborah Beale disposed of 30,000 ordinary shares through an on-market trade, reducing her holdings to 85,425 shares. This transaction, valued at approximately $592,554, reflects a strategic adjustment in shareholding, potentially impacting the company’s shareholder composition and market perception.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Director Reduces Shareholding
Jun 24, 2025

Pinnacle Investment Management Group Limited announced a change in the director’s interest, with Ian Macoun disposing of 3,932,092 ordinary shares through an off-market trade. This transaction, valued at approximately $76.7 million, reduces Macoun’s holdings to 14,343,985 shares, potentially impacting the company’s shareholder structure and market perception.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management: Change in Substantial Holder’s Voting Power
Jun 24, 2025

Pinnacle Investment Management Group Limited has announced a change in the interests of a substantial holder, NTQ Pty Ltd, which is associated with various Macoun family trusts and superannuation funds. The substantial holder’s voting power has decreased from 8.2% to 6.3% following the disposal of a significant number of ordinary shares. This reduction in voting power may impact the company’s shareholder dynamics and influence within the company.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle’s Ian Macoun Sells Shares, Retains Significant Stake
Jun 24, 2025

Pinnacle Investment Management Group Limited announced the sale of approximately 1.73% of its issued capital, amounting to 3.932 million shares, by entities associated with its Managing Director, Ian Macoun. Despite the sale, Mr. Macoun retains a significant stake in the company, holding 6.3% of the issued capital. The transaction allows him to reinvest in funds managed by Metrics, which offer attractive yields. The company’s Chair, Alan Watson, emphasized that Mr. Macoun’s retirement is not imminent, and discussions about his succession are ongoing, ensuring the company’s continued growth and success.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Acquires Substantial Stake in Nanosonics
Jun 18, 2025

Pinnacle Investment Management Group Limited has become a substantial holder in Nanosonics Ltd, acquiring a 5.21% voting power with 15,812,969 ordinary fully paid shares. This move signifies Pinnacle’s strategic interest in Nanosonics, potentially impacting the company’s market positioning and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Gains State Street as Substantial Holder
Jun 16, 2025

Pinnacle Investment Management Group Limited has announced the acquisition of a substantial holding in their company by State Street Corporation and its subsidiaries. This development indicates a significant shift in the company’s shareholder structure, potentially impacting its governance and strategic direction. The involvement of major institutional investors like State Street could enhance Pinnacle’s market positioning and influence within the investment management industry.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Group Limited Ceases Substantial Holding
Jun 13, 2025

Pinnacle Investment Management Group Limited has announced that it has ceased to be a substantial holder in a company, as indicated in a notice dated June 11, 2025. This change in substantial holding reflects a shift in the company’s voting securities and associations, which may impact its influence and strategic positioning within the market.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Increases Stake in Curvebeam AI
Jun 10, 2025

Pinnacle Investment Management Group Limited has increased its voting power in Curvebeam AI Ltd from 7.80% to 8.80%, reflecting a strategic move to enhance its influence within the company. This change in substantial holding indicates Pinnacle’s growing interest and potential influence in Curvebeam AI, which could have implications for the company’s strategic direction and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Gains Significant Stake in Nine Entertainment
Jun 10, 2025

Pinnacle Investment Management Group Limited has become a substantial holder in Nine Entertainment Co Holdings Limited, acquiring a 5.01% voting power through ordinary fully paid shares. This strategic move enhances Pinnacle’s influence in the media industry, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:PNI) stock is a Hold with a A$14.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management Sees Major Shift in Substantial Holdings
Jun 6, 2025

Pinnacle Investment Management Group Limited has announced a significant change in its substantial holdings, with State Street Corporation and its subsidiaries becoming substantial holders as of June 4, 2025. This shift in voting power and relevant interests involves various entities, including State Street Bank and Trust Company and several retirement systems, indicating a strategic realignment in Pinnacle’s shareholder structure. The announcement highlights the influence of these entities in controlling voting rights and managing securities, which could impact Pinnacle’s future strategic decisions and stakeholder dynamics.

The most recent analyst rating on (AU:PNI) stock is a Buy with a A$20.50 price target. To see the full list of analyst forecasts on Pinnacle Investment Management Group Limited stock, see the AU:PNI Stock Forecast page.

Pinnacle Investment Management to Present at Macquarie Conference
May 6, 2025

Pinnacle Investment Management Group Limited announced its participation in the Macquarie Australia Conference, where it will present to investors and analysts. This engagement highlights Pinnacle’s proactive approach to investor relations and its commitment to transparency, potentially enhancing its market positioning and stakeholder confidence.

Pinnacle Investment Management Sees Shift in Shareholder Structure
Apr 22, 2025

Pinnacle Investment Management Group Limited has announced a significant change in its shareholder structure, with a substantial holder acquiring a notable voting power in the company. This development could potentially influence the company’s strategic decisions and impact its market positioning, as the substantial holder now has the power to control the exercise of voting rights and the disposal of securities.

Pinnacle Investment Management Announces Shift in Substantial Holdings
Apr 21, 2025

Pinnacle Investment Management Group Limited has announced a significant change in its substantial holdings, with various institutional investors such as State Street Bank and Trust Company, IAM National Pension Fund, and others being involved. This development reflects a strategic shift in the company’s shareholder base, potentially impacting its market positioning and stakeholder interests as these institutional investors may influence the company’s future decisions and strategies.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 18, 2025