HUB24 On Track to Reach Fiscal 2027 Platform Funds Under Administration Target, Jefferies Says

MT Newswires Live

Jan 21

HUB24 (ASX:HUB) is on track to reach its fiscal 2027 platform funds under administration target of between AU$148 billion and AU$162 billion, supported by ongoing net inflow momentum and structural

industry trends, Jefferies said in a Tuesday note.

It stands to benefit from the continued migration of financial advisers from incumbent, traditional wealth managers to independent licenses. It increased its market share to 9.3%, up from 7.9% year-over-year, the largest quarterly and annual market share gains among all platform providers.

The firm recorded a strong fiscal 2026 second quarter, with net inflows of AU$5.6 billion, a new record, and up from the AU$5.5 billion it reported in the prior-year period. Its custody funds under administration came in at AU$128 billion, up 5% on the previous fiscal quarter, and jumping 29% year-over-year.

The investment firm upgraded its rating on HUB24 to hold from underperform and raised its price target to AU$99.50 per share from AU$98.40 per share.

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It increased its market share to 9.3%, up from 7.9% year-over-year, the largest quarterly and annual market share gains among all platform providers.</p><p>The firm recorded a strong fiscal 2026 second quarter, with net inflows of AU$5.6 billion, a new record, and up from the AU$5.5 billion it reported in the prior-year period. 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It increased its market share to 9.3%, up from 7.9% year-over-year, the largest quarterly and annual market share gains among all platform providers.The firm recorded a strong fiscal 2026 second quarter, with net inflows of AU$5.6 billion, a new record, and up from the AU$5.5 billion it reported in the prior-year period. Its custody funds under administration came in at AU$128 billion, up 5% on the previous fiscal quarter, and jumping 29% year-over-year.The investment firm upgraded its rating on HUB24 to hold from underperform and raised its price target to AU$99.50 per share from AU$98.40 per share.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}