Pendal Group Reports Strong 1H Performance; AUD 11 FVE Maintained
Narrow-moat-rated Pendal Group surprised with stronger-than-expected first-half 2018 fiscal results. A 30% increase in NPAT to AUD 114.5 million for the half was driven by strong market performance and favourable currency movements, partially offset by net outflows. A sixth successive increase in the interim dividend--this time a 16% hike to AUD 22 cents--highlights the company's strong cash flow generation. Our forecast adjustments to revenue and costs largely cancel each other out, resulting i...Pendal Group is engaged in the provision of investment management services. Co.'s operating segments comprise the investment management business in Australia (BTIM Australia) and outside of Australia (BTIM International). BTIM International comprises the BTIM (UK) Limited group of companies.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.