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AMP Limited

AMP.AX

Latest Trade

1.53AUD

Change

0.25(+19.53%)

Volume

73,685,794

Today's Range

1.46

 - 

1.57

52 Week Range

1.08

 - 

2.09

As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Pricing

Previous Close
1.28
Open
1.51
Volume
73,685,794
3M AVG Volume
376.14
Today's High
1.57
Today's Low
1.46
52 Week High
2.09
52 Week Low
1.08
Shares Out (MIL)
3,434.47
Market Cap (MIL)
4,398.85
Forward P/E
--
Dividend (Yield %)
--

Next Event

Dividend For AMPPB.AX - 0.8010 AUD

Latest Developments

More

AMP Confirms It Got An Indicative, Non-Binding, Conditional Proposal From Ares Management

AMP Posts Q3 Australian Wealth Management Net Cash Outflows Of A$1.95 Bln

AMP Capital Agrees To Sell Axión To Asterion Industrial Partners

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About AMP Limited

AMP Ltd is an Australia-based wealth management company. The Company operates through three divisions: AMP Australia, AMP Capital and New Zealand wealth management. AMP Australia provides wealth management, advice and bank products. Wealth management provides financial advice services through aligned and owned advice businesses, platform administration, unit linked superannuation, retirement income and managed investment products. AMP Bank offers residential mortgages, deposits and transaction banking. AMP Capital is a diversified investment manager across various asset classes, including equities, fixed interest, infrastructure, real estate, diversified and multi-manager and multi-asset funds. New Zealand wealth management business includes the wealth management, financial advice and distribution business in New Zealand.

Industry

Investment Services

Contact Info

Amp Sydney Cove Building

L 24 33 Alfred Street

SYDNEY, NSW

2000

Australia

+61.2.92575000

https://www.amp.com.au/

Executive Leadership

Debra Hazelton

Non-Executive Chairman of the Board

Brian Pellegrini

Chief Executive Officer

James Georgeson

Chief Financial Officer

Megan Elizabeth Beer

Chief Executive - AMP Life

Jeff Ruscoe

Acting Chief Executive - New Zealand wealth Management

Key Stats

2.89 mean rating - 9 analysts
Sell
Hold
Buy
Revenue (MM, AUD)

2017

1.1K

2018

0.7K

2019

0.5K

2020(E)

0.4K
EPS (AUD)

2017

0.356

2018

0.235

2019

0.149

2020(E)

0.099
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.45
Price To Book (MRQ)
0.88
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
526.20
LT Debt To Equity (MRQ)
162.53
Return on Investment (TTM)
--
Return on Equity (TTM)
-0.07

Latest News

Latest News

Australia's AMP receives takeover offer from Ares Management

AMP Ltd <AMP.AX> said on Friday U.S.-based Ares Management Corp <ARES.N> had made a non-binding offer to buy the troubled Australian wealth manager, sending its shares soaring the most in over 17 years.

Australia's AMP gets indicative takeover offer from Ares Management

AMP Ltd said on Friday U.S.-based Ares Management Corp had made an indicative offer to buy the Australian wealth manager, adding that discussions were at an early stage.

AMP's fund management division sees $1.7 billion in outflows, shares tumble

AMP Ltd <AMP.AX> on Thursday reported net cash outflows of about A$2.4 billion ($1.7 billion) from its flagship fund management arm in the third quarter, as coronavirus-induced market turmoil and governance concerns led to higher client repayments.

Australia's AMP says to simplify some services after job cuts report

Australian financial planner AMP Ltd is centralising some business services in an effort to become "simpler", the company said on Wednesday, following a media report that it planned to cut up to a fifth of some of its workforce.

Australia's AMP hires Symmetra to review workplace behaviour

Australian financial advisory firm AMP Ltd <AMP.AX> said on Thursday it had appointed inclusion and diversity consultancy Symmetra to undertake a workplace conduct review after the company was hit by a corporate scandal.

S&P cuts rating of Australia's AMP to 'BBB-minus' on strategic uncertainty

Ratings agency S&P Global downgraded by a notch on Monday the credit rating of Australian financial planning giant AMP Ltd <AMP.AX>, to 'BBB-minus', moving it closer to "junk" status, citing challenges to its strategic direction.

Australia's AMP sparks buyout talk with companywide review

Australian financial planning giant AMP Ltd said on Wednesday it was putting all its assets under review, setting in motion a potential sale or break-up of a company that has seen its profit and reputation weakened by years of scandals.

Australia's AMP chairman quits under pressure over executive misconduct

Australian wealth manager AMP Ltd <AMP.AX> on Monday said its chairman had resigned and the chief executive of its funds management unit would be demoted, following concerns about alleged inappropriate conduct by the latter.

Australia's AMP outlines $400 million plan for special dividend and buyback, shares soar

Australia's scandal-hit AMP Ltd <AMP.AX> said on Thursday it would return up to almost $400 million to investors in the form of a special dividend and a share buyback, sending its stock surging as much as 14%.

Australia's AMP first-half profit slumps as coronavirus slams fee income

Australia's largest wealth manager AMP Ltd said on Thursday its first-half profit nearly halved as coronavirus-induced market turmoil led to a plunge in fee income and a higher loan-loss provision at its banking unit

UPDATE 1-Australia's AMP says head of scandal-hit wealth unit resigns

Australia's largest financial advisory firm AMP Ltd said on Thursday Alex Wade resigned as the chief executive of its domestic wealth arm, as the unit navigates hefty outflows and lawsuits.

UPDATE 2-Australia's AMP warns of half-year profit plunge, blames virus

* AMP shares fall 12%; full results due Aug. 13 (Recasts, adds shares, analyst reaction)

Australia's AMP hit by class action over insurance advice

Wealth manager AMP Ltd <AMP.AX> said on Thursday it had been served with a class action over advice provided in relation to certain life and other insurance products, the second lawsuit in as many days.

Deals of the day-Mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

AMP scraps sale of New Zealand wealth management unit amid coronavirus disruption

Australia's AMP Ltd <AMP.AX> has scrapped plans to divest its New Zealand wealth management arm after offers for the unit fell short of its expectations, citing disruption caused by the coronavirus pandemic on the economy and financial markets.

AMP shareholders vote down resolution on executive pay at AGM

Australia's AMP Ltd on Friday said more than two-thirds of shareholders who voted at its annual general meeting opposed a resolution on executive pay.

Australia's AMP scraps planned sale of NZ wealth management unit on coronavirus hit

Australia's AMP Ltd on Friday said it scrapped plans to divest its New Zealand wealth management business due to the disruption caused by the coronavirus pandemic on the economy and financial markets.

BRIEF-AMP Ceases Plans To Divest New Zealand Wealth Management Business

* CEASED PLANS TO DIVEST ITS NEW ZEALAND WEALTH MANAGEMENT BUSINESS

Australia's AMP reports $12.2 billion virus-driven hit to AUM at investment arms

Australia's AMP Ltd <AMP.AX> reported on Thursday a A$19.4 billion ($12.22 billion) decline in assets under management across its wealth management business in the first quarter as the coronavirus pandemic wreaked havoc on markets.

BRIEF-AMP Says Q120 Australian Wealth Management Average AUM Declined 2% Vs Q419

* Q1 20 AUSTRALIAN WEALTH MANAGEMENT AVERAGE AUM DECLINED 2% TO A$131.3 BILLION FROM A$134.0 BILLION IN Q4 19

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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