Fintel reports that on August 24, 2023, MACQUARIE RESEARCH upgraded their outlook for SmartGroup Corp (ASX:SIQ) from Neutral to Outperform .
Analyst Price Forecast Suggests 4.19% Upside
As of August 31, 2023, the average one-year price target for SmartGroup Corp is 8.73. The forecasts range from a low of 7.85 to a high of $9.71. The average price target represents an increase of 4.19% from its latest reported closing price of 8.38.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SmartGroup Corp is 231MM, an increase of 1.28%. The projected annual non-GAAP EPS is 0.46.
SmartGroup Corp Maintains 5.49% Dividend Yield
At the most recent price, the company's dividend yield is 5.49%.
Additionally, the company's dividend payout ratio is 1.08. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.07%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 51 funds or institutions reporting positions in SmartGroup Corp. This is a decrease of 8 owner(s) or 13.56% in the last quarter. Average portfolio weight of all funds dedicated to SIQ is 0.07%, an increase of 20.69%. Total shares owned by institutions decreased in the last three months by 11.99% to 7,752K shares.
What are Other Shareholders Doing?
VGTSX - Vanguard Total International Stock Index Fund Investor Shares holds 1,140K shares representing 0.85% ownership of the company. No change in the last quarter.
Dfa Investment Trust Co - The Asia Pacific Small Company Series holds 840K shares representing 0.63% ownership of the company. In it's prior filing, the firm reported owning 906K shares, representing a decrease of 7.88%. The firm increased its portfolio allocation in SIQ by 11.32% over the last quarter.
VTMGX - Vanguard Developed Markets Index Fund Admiral Shares holds 675K shares representing 0.51% ownership of the company. No change in the last quarter.
SCZ - iShares MSCI EAFE Small-Cap ETF holds 563K shares representing 0.42% ownership of the company. In it's prior filing, the firm reported owning 558K shares, representing an increase of 0.76%. The firm increased its portfolio allocation in SIQ by 16.62% over the last quarter.
DLS - WisdomTree International SmallCap Dividend Fund N holds 549K shares representing 0.41% ownership of the company. In it's prior filing, the firm reported owning 560K shares, representing a decrease of 2.05%. The firm increased its portfolio allocation in SIQ by 28.45% over the last quarter.
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