FINWIRES · TerminalLIVE
FINWIRES

ASX:AMP

38 stories mentioning ASX:AMPUpdated 18d ago

Every FINWIRES story that references ASX:AMP, newest first.

What are analysts saying about ASX:AMP?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on ASX:AMP?

Asia

Update: AMP Boosts Expectations for First-Half Underlying Net Profit After Tax

(Updates to add stock movement in the last paragraph)AMP (ASX:AMP) expects first-half 2026 underlying net profit after tax of AU$170 million to AU$180 million, according to a Thursday filing with the Australian bourse.The company said the increase to the expected result is driven by stronger contributions from its China partnerships, favorable investment income impacts due to recent interest rate hikes, and the recognition of about AU$13 million of carried interest in relation to the partial sale of certain assets within a legacy fund.DigitalBridge sold a 51% interest in the remaining assets within the legacy fund and chose to pay a portion of the associated carried interest to AMP. The company said it could realize additional carried interest from the sale of the remaining 49% stake.The company's shares rose past 2% in recent Thursday trade.

ASX:AMP
Asia

AMP Boosts Expectations for First-Half Underlying Net Profit After Tax

AMP (ASX:AMP) expects first-half 2026 underlying net profit after tax of AU$170 million to AU$180 million, according to a Thursday filing with the Australian bourse.The company said the increase to the expected result is driven by stronger contributions from its China partnerships, favorable investment income impacts due to recent interest rate hikes, and the recognition of about AU$13 million of carried interest in relation to the partial sale of certain assets within a legacy fund.DigitalBridge sold a 51% interest in the remaining assets within the legacy fund and chose to pay a portion of the associated carried interest to AMP. The company said it could realize additional carried interest from the sale of the remaining 49% stake.

ASX:AMP
Asia

Temple & Webster Group Says AMP Becomes Substantial Holder

Temple & Webster Group (ASX:TPW) received notice that AMP (ASX:AMP) and its affiliates became a substantial holder of the company on Wednesday, according to a Friday filing with the Australian bourse.AMP now owns 6.4 million shares in the company, representing 5.46% of the issued shares, the filing said.Temple & Webster's shares fell around 2% in recent Friday trade, while AMP declined about 1%.

ASX:AMPASX:TPW
Asia

Nuix Says AMP Becomes Substantial Holder

Nuix (ASX:NXL) received notice that AMP (ASX:AMP) and its affiliates became a substantial holder of the company on Wednesday, according to a Friday filing with the Australian bourse.AMP now owns 17.1 million shares in the company, representing 5.06% of the issued shares, the filing said.Nuix's shares rose 3% in recent Friday trade, while AMP fell about 2%.

ASX:AMPASX:NXL
Asia

AMP Says Superannuation Fund Delivers Another Year of Double-Digit Returns

AMP (ASX:AMP) said its AMP Super fund delivered top quartile returns of more than 11% for most of its members for the year ended June 30, marking its third straight year of double-digit returns, according to a Thursday statement.Members invested in the default MySuper 1970s and 1990s life-stage investments received returns of 11.3%, while those in the default MySuper 1980s got returns of 11.2%, the company said, noting that around 80% of MySuper members are invested in these options.Meanwhile, AMP's Future Directions High Growth choice option delivered returns of over 12%, as portfolios "benefited from the structural momentum behind AI-themed exposures and have shown resilience through the March sell-off and ongoing geopolitical uncertainty," the company said.AMP shares fell 1% in recent Thursday trade.

ASX:AMP
Asia

AMP's North Platform Partners With Digital Estate Administration Platform

AMP's (ASX:AMP) retirement and investment platform North partnered with estateXchange to provide an integrated service for estate planning and intergenerational wealth transfer, the wealth management and retail banking company said in a statement on Wednesday.The partnership establishes a digital channel for handling inheritance claims and deceased estate administration, the company said. The integration allows advisers, solicitors, accountants, and beneficiaries to upload and share documentation once through a secure digital channel.AMP's shares rose past 4% in morning trade Wednesday.

ASX:AMP
Asia

Judo Capital Holdings Says AMP Becomes Substantial Holder

Judo Capital Holdings (ASX:JDO) received notice that AMP (ASX:AMP) and its affiliates became a substantial holder of the company on June 25, according to an Australian bourse filing on Monday after market hours.AMP now owns 57.3 million shares in the company, representing 5.11% of the issued shares, the filing said.

ASX:AMPASX:JDO
Asia

Financial Platform Flows Driven by Capability, Not Pricing, Says Jefferies

Client flows for financial services platforms are driven by managed account capability, as advisers prefer to pay for functionality rather than lower fees, Jarden said in a note on Tuesday, citing its five-year analysis of the sector.The investment firm said, "platform clients are relatively price inelastic," as some expensive platforms continue to attract flows due to strong features, broader investment options, adviser support, and integration.The firm added that HUB24 Limited (ASX: HUB) remained its top pick due to its competitive positioning and capability-based client growth. It preferred AMP (ASX: AMP) over Netwealth Group (ASX: NWL), as the latter continues to lag on flows amid rising costs.Jarden has a buy rating and price target of AU$110.40 for HUB24, an overweight rating and price target of AU$1.75 for AMP, and a neutral rating and price target of AU$25.70 for Netwealth.

ASX:AMPASX:HUBASX:NWL
Asia

AMP Completes AU$150 Million Share Buyback

AMP (ASX:AMP) has completed its AU$150 million on-market share buyback, acquiring around 99 million ordinary shares at an average price of AU$1.52 each, according to a Monday filing with the Australian bourse.The company's shares rose 1% in recent Monday trade.

ASX:AMP
Asia

AMP Arm Launches Lifetime Income Retirement Package

AMP's (ASX:AMP) superannuation arm, AMP Super, introduced a new retirement package designed to convert superannuation savings into a lifetime income stream, aiming to improve retirement confidence and provide additional support for aged-care needs, according to a Monday statement.The package offers a guaranteed lifetime income product to support higher retirement spending, a temporary 20% income boost for up to two years for those needing high-level home care, and a digital financial advice platform that provides personalized guidance, income projections, and retirement planning tools.The initiative addresses Australians' rising concerns about retirement stress and aged-care affordability by strengthening income stability and later-life care support, per the statement.

ASX:AMP
Asia

AMP Appoints CFO

AMP (ASX:AMP) appointed Jackie Cleary as chief financial officer, effective July 20, according to a Friday filing with the Australian bourse.Cleary most recently worked as managing director and head of financial institutions at Jefferies Australia, the filing added.

ASX:AMP
Asia

Market Chatter: IFM Threatens to Scrap AU$3 Billion Sustainable Aviation Fuel Project

Australian investment company IFM Investors has threatened to scrap a proposed AU$3 billion sustainable aviation fuel project in Australia, unless the Australian government mandates airlines use the product, according to a Tuesday Bloomberg report, citing IFM's Global Head of Infrastructure Asset Management, Danny Elia.Elia said that IFM needs to see some finalization of Australia's policy framework on the subject as well as a demand-side mandate, the report added.IFM is working on the project under a memorandum of understanding with Ampol (ASX:AMP) and GrainCorp (ASX:GNC).Virgin Australia (ASX:VGN) and Qantas Airways (ASX:QAN) did not immediately respond to anemail request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:AMPASX:GNCASX:QANASX:VGN
Asia

Jarden Adjusts AMP's Price Target to AU$1.75 from AU$1.65, Keeps at Overweight

AMP (ASX:AMP) has an average rating of overweight and mean price target of AU$1.73, according to analysts polled by FactSet.

ASX:AMP
Asia

Performance of AMP's China Associates 'Overlooked,' as Investors Drive Share Price Lower, Jarden Research Says

The earnings power and performance of AMP's (ASX:AMP) China associates in fiscal year 2025 appeared to have been "overlooked" as investors focused on sharp misses in the Australian business, driving the share price 26% lower, Jarden said in a Thursday note.These associates contribute over 30% of the company's group net profit after tax and are growing at 36% per year, the investment and advisory firm said.Jarden suggests that AMP hold on to its Chinese stakes, improve disclosure, and inform the market about the asset management characteristics that warrant higher valuations compared with the insurance conglomerate comparables the market is applying, according to the note.Jarden maintained its overweight rating on AMP and raised its price target to AU$1.75 from AU$1.65.

ASX:AMP
Asia

Jarden Adjusts AMP's Price Target to AU$1.65 from AU$1.55, Keeps at Overweight

AMP (ASX:AMP) has an average rating of overweight and mean price target of AU$1.70, according to analysts polled by FactSet.

ASX:AMP
Asia

AMP Posts Solid Net Flows in Platforms, Should Consider Strategic Review of Bank, Jarden Says

AMP (ASX:AMP) reported solid net flows in its Platforms wealth management business, with the North platform's performance helping extend the company's positive streak to six straight quarters, Jarden said in a Thursday note.With the cash margin repricing on Platforms, the company has now delivered on two out of the three initiatives Jarden previously discussed, and the final one would be to launch a strategic review of its bank unit.The equity research firm views a loan book sale or a total sale of the bank as more attractive options than the current strategy, which will likely make it difficult to deliver cost of capital returns before 2030."Overall, we continue to remain positive on AMP given exposure to superannuation tailwinds and capital discipline," Jarden said as it maintained its overweight rating on the company.It also raised its price target on AMP to AU$1.65 from AU$1.55, reflecting confidence in Platforms' growth trajectory.AMP's shares were down nearly 2% in recent Friday trade.

ASX:AMP
Asia

AMP Accelerated Momentum Across Core Business Units in Q1, Jefferies Says

AMP (ASX:AMP) reported "encouraging" first-quarter results as momentum accelerated across its core business units, and AMP Bank recorded only a minor decrease in loan balances from the linked quarter, Jefferies said in a Thursday note.The company's North wealth management platform saw a robust AU$1.1 billion of new inflows, representing the fourth consecutive quarter of net inflows topping the AU$1 billion mark. The Superannuation and Investments division posted "a continued and meaningful improvement" as net cash outflows contracted to AU$80 million, Jefferies said.In its international businesses, the outlook for AMP's China Life ventures is buoyed by structural demographic tailwinds, while AMP New Zealand performed well with positive new cash inflows of AU$41 million in the quarter, the equity research firm said.The company's AU$150 million on-market buyback is now included in forecasts, which Jefferies estimates to be around 4% accretive. Including overall forecasting adjustments, the firm's EPS forecasts for AMP increase 6% for 2026 and 8% for 2027.Jefferies maintained a buy rating on AMP and raised its price target on the company's shares to AU$1.75 from AU$1.50.

ASX:AMP
Asia

AMP Says Q1 Platforms Net Cashflows Rise 45%, Starts AU$150 Million Buyback

AMP (ASX:AMP) said platform net cashflows for the first quarte rose 45% to AU$1.1 billion from AU$740 million in the same period a year earlier, according to a Thursday Australian bourse filing.The company said superannuation and investments net cash outflows improved 26% to AU$80 million from AU$108 million in the prior corresponding period, while total assets under management across its wealth businesses stood at AU$155.9 billion, with the AMP Bank total loan book steady at AU$24.1 billion.AMP said AMP Bank GO deposits rose AU$632 million from the fourth quarter of 2025 to AU$942 million, with full-year 2026 GO deposits now expected to exceed AU$1.5 billion, while all other guidance remains unchanged and subject to market conditions.The company said its previously disclosed AU$150 million on-market share buyback is now commencing.

ASX:AMP

Showing 21-38 of 38

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:AMP in your portfolio
WheelAI
WheelAI
Analyze ASX:AMP options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:AMP