Azimut Holding S.p.A. (AZM.MI)
| Previous close | 24.75 |
| Open | 24.70 |
| Bid | 24.72 x 0 |
| Ask | 24.74 x 0 |
| Day's range | 24.62 - 24.76 |
| 52-week range | 18.53 - 27.44 |
| Volume | |
| Avg. volume | 823,945 |
| Market cap | 3.422B |
| Beta (5Y monthly) | 1.42 |
| PE ratio (TTM) | 7.88 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.00 (4.04%) |
| Ex-dividend date | 20 May 2024 |
| 1y target est | N/A |
- Reuters
Italy's Azimut eyes partner for planned fintech bank
Italian asset manager Azimut Holding set out plans on Thursday to spin off part of its network of financial advisers and merge it into a new digital bank, adding it was looking at outside investors taking a stake of up to 50% in the new unit. Azimut said the plan was to list the business within the next 6-9 months in a move that would boost the value of their investment for existing shareholders. Presenting the plan, Chairman Pietro Giuliani said it had already drawn interest from banks who might want to invest.
- Reuters
Azimut sees slightly higher 2024 net inflows as UniCredit deal advances
With total assets of 90.8 billion euros at the end of December, Azimut stuck to a 500 million euro profit goal for 2024. It expects 2023 adjusted net profit to have come in at between 445 million and 455 million euros, broadly in line with its 450 million target. Net inflows in 2023 totalled 6.9 billion euros, in the middle of Azimut's 6-8 billion target range, and they will top 7 billion euros this year, "also thanks to partnerships", it said.
- Reuters
Mark Bezos, David Moross invest in Azimut as it ups HighPost stake
Under the agreement, the Italian group's U.S. arm Azimut Alternative Capital Partners will buy a further 2.5% of HighPost Capital, raising its overall stake to around 15%. Founders Moross and Bezos will use "a relevant portion" of the proceeds from the deal to buy shares in Milan-listed Azimut Holding, the group said without disclosing the size of their investment.
