AMP Could Have Scope for More Buybacks in 2027

Dow Jones
08/07

0311 GMT - AMP's strong first-half performance across several key metrics supports growing confidence among bulls that it could keep buying back shares through 2027. With an unchanged buy rating on the stock, UBS analysts point to strong June-quarter wealth flows, margin expansion in both platforms and superannuation, and improved disclosure on the Australian financial-services provider's China operation. With AMP's interim dividend beating company guidance and the announcement of a 150 million Australian dollars second-half buyback, the analysts tell UBS clients that they now forecast A$300 million of buybacks across 2027, with potential room for more. UBS lifts its target price 2.4% to A$2.61. Shares are up 4.1% at A$2.405.

 

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