PDL – Morgans rates the stock as Hold
The target price rises to $5.95 from $5.65. The broker maintains a Neutral rating.
Read More
Pendal is an independent, global investment management business focused on delivering superior investment returns for our clients through active management. Our proven and experienced fund managers have the autonomy to make decisions with conviction, built on a philosophy of meritocracy that fosters success from a diversity of insights and approaches to investment. We strive for superior results through a performance culture that backs independent actions.
Pendal does not have a ‘house view’ and operates a multi-boutique style business offering a broad range of investment strategies across a global marketplace. Our investment teams are supported by a strong operational platform across risk and compliance, sales, marketing and operations, allowing our fund managers to focus on generating returns for our clients.
Our business is designed to attract and retain superior investment talent by offering a transparent remuneration model with the ability to manage capacity, which aligns the incentives of our investment professionals with clients’ outcomes.
Client success stands at the centre of everything we do and we recognise that trust is earned by delivering results and partnering with our clients to meet their needs.
The target price rises to $5.95 from $5.65. The broker maintains a Neutral rating.
Read More
Shares of investment manager Pendal Group jumped more than 8% in Tuesday’s selloff on the ASX after it surprised on the upside with a solid interim profit of $96.7 million.
Read More
The broker downgrades its rating to Hold from Add. The $5.65 target price is maintained.
Read More
Rationalisation afoot in the local funds management industry with Sydney-based Perpetual revealing an offer to pay $2.4 billion for Pendal, the old investment arm of Westpac.
Read More
Morgans maintains an Add rating, believing the valuation is undemanding and the balance sheet remains strong. Target is reduced to $7.80 from $8.05.
Read More
Investment manager Pendal has announced it will take over US-based value manager Thompson, Siegel & Walmsley, along with a $190 million capital raising to fund the purchase.
Read More
Morgans upgrades the EPS forecast for FY21 by 7.2% in FY21 and circa 2% in outer years. The Add rating is unchanged and the target price is increased $8.10 from $7.15.
Read More
Shares in investment manager, Pendal Group fell more than 8% yesterday after it revealed a poor full-year result and cut final dividend.
Read More
Pendal shares jumped nearly 7% yesterday (after a similar rise on Friday) in the wake of the investment group’s interim result which included a cut in the dividend.
Read More
Outflows in the March quarter worse than Credit Suisse expected, although a large proportion were lower-margin Westpac-related outflows and cash/fixed-income outflows.
Read More