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AMP Limited

AMP.AX

Latest Trade

1.40AUD

Change

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Today's Range

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52 Week Range

1.08

 - 

2.09

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

Pricing

Previous Close
1.40
Open
--
Volume
--
3M AVG Volume
317.27
Today's High
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Today's Low
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52 Week High
2.09
52 Week Low
1.08
Shares Out (MIL)
3,407.26
Market Cap (MIL)
4,862.79
Forward P/E
11.55
Dividend (Yield %)
2.83

Next Event

Half Year 2020 AMP Ltd Earnings Call

Latest Developments

More

AMP Says Alex Wade To Step Down As CEO Of AMP Australia

AMP Sees H1 Underlying Profit For Retained Businesses Of A$140-150 Mln

AMP Says Class Action Filed Against Unit In Federal Court In Victoria

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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

David Victor Murray

Independent Non-Executive Chairman of the Board

Francesco Alexander de Ferrari

Chief Executive Officer, Director

James Georgeson

Chief Financial Officer

Megan Elizabeth Beer

Chief Executive - AMP Life

Jeff Ruscoe

Acting Chief Executive - New Zealand wealth Management

Key Stats

3.10 mean rating - 10 analysts
Sell
Hold
Buy
Revenue (MM, AUD)

2017

1.1K

2018

0.7K

2019

0.5K

2020(E)

0.5K
EPS (AUD)

2017

0.356

2018

0.235

2019

0.149

2020(E)

0.107
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.21
Price To Book (MRQ)
0.99
Price To Cash Flow (TTM)
--
Total Debt To Equity (MRQ)
475.68
LT Debt To Equity (MRQ)
148.99
Return on Investment (TTM)
--
Return on Equity (TTM)
-1.66

Latest News

Latest News

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.

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.

Australia's AMP withdraws 2020 forecast amid coronavirus outbreak

Australian wealth manager AMP Ltd on Thursday withdrew its full-year earnings forecast as the fast-spreading coronavirus creates increasing uncertainty.

UPDATE 3-AMP posts largest annual loss since 2003, increases CEO bonus

* Outflows expected to continue in FY20 (Adds CEO comments to reporters in call, share reaction, analyst impressions)

Australia's AMP Ltd posts annual loss

Australian wealth manager AMP Ltd on Thursday posted an annual loss, hurt by an exodus of clients following revelations of widespread misconduct.

Australia court fines AMP $3.5 million over incorrect insurance advice

Australia's Federal Court has ordered wealth manager AMP Ltd <AMP.AX> to pay a penalty of A$5.2 million ($3.5 million) for failing to prevent incorrect insurance advice by financial planners, the corporate watchdog said on Wednesday.

UPDATE 1-Australia's AMP names James Georgeson as CFO

Australia's AMP Ltd on Monday confirmed the appointment of James Georgeson as its chief financial officer to help the wealth manager navigate a turbulent phase marked by poor earnings.

Australia's AMP appoints RBA audit committee member to board

Australia's AMP Limited on Wednesday appointed Reserve Bank of Australia's audit committee member, Rahoul Chowdry, to the wealth manager's board as a non-executive director, effective Jan. 1.

Australia's AMP sees record outflows, doubles estimate of pension client exits

AMP Ltd <AMP.AX> posted record third-quarter outflows in its Australian wealth management unit and doubled its estimated loss of major pension contracts to A$1.4 billion, as a client exodus after misconduct revelations gathers pace.

Australia's AMP logs $1.3 billion in quarterly outflows

AMP Ltd on Thursday said outflows at its Australian wealth management unit in the third quarter rose 30%, as damaging revelations of misconduct from a sector-wide inquiry continued to drive clients away.

Australia's AMP infrastructure fund raises $6 bln, strong foreign interest

Australian wealth manager AMP Ltd's funds management business AMP Capital said on Tuesday it has raised a record $6.2 billion for its fourth infrastructure debt fund.

Australia's embattled AMP merges banking, domestic wealth management units

Australia's AMP Ltd <AMP.AX> said on Thursday it will merge its banking and Australian wealth management units as part of a turnaround plan aimed at making the firm more customer-focused, after an inquiry revealed widespread misconduct.

Australia's AMP to merge banking, domestic wealth management businesses

Beleaguered Australian wealth manager AMP Ltd said on Thursday it will merge its banking and Australian wealth management business units into a new entity to be named AMP Australia.

RPT-Australia's AMP under pressure as pension clients exit

* At least four other companies reviewing AMP contracts - sources

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

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