(Boursier.com) — Amundi resumed 5.5% to 52.40 euros on Friday, while the group announced its “Ambitions 2025” plan, which involves strong organic growth: around 5% average annual growth in net income; Operational efficiency with a cost/income ratio maintained below 53% after Lyxor synergies; An attractive return for shareholders with a distribution rate greater than or equal to 65%, i.e. approximately 3 billion euros in cumulative ordinary dividends and finally an expected excess capital of approximately 2 billion euros, used to finance external growth operations or paid to shareholders.
Amundi’s growth will be driven by the strengthening of its leadership in asset management, by its development in responsible investment where it will continue to lead the way, and by its desire to become a leading provider of technology and services across the entire savings value chain. Amundi will also pursue value-creating external growth operations, drawing on its experience as a natural consolidator in the industry.
Among the latest brokers’ opinions, Morgan Stanley adjusted its price target from 76.2 to 67.7 euros with an ‘online weighting’ opinion and JP Morgan reduced its target from 79 to 70 euros while remaining ‘overweight ‘.
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