Citi lowers earnings estimates for Australia's Insignia Financial after FUMA decline
ReutersApr 23, 2025 8:46 PM
Citi lowers EPS estimates for Insignia Financial IFL.AX after wealth manager posts decline in funds under management and administration (FUMA) as at March 31
Brokerage says Insignia's FUMA as at June 30 will now likely be lower than forecast
Brokerage lowers EPS estimates for FY25 by 2% and by 5% for both FY26 and FY27
Says market volatility may have some impact on co's Q4 results
All five analysts covering the stock rate it "hold"; their median PT is A$4.50 – LSEG data
Stock up 4.8% this year, as of last close
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