Earnings Alerts

abrdn PLC (ABDN) Earnings Report: Cost Savings on Track Amid GBP506.7 Billion Assets Under Management

By October 24, 2024 No Comments
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  • Abrdn’s assets under management and administration have reached GBP 506.7 billion.
  • The company aims to keep FY 2024 adjusted operating expenses below £1,075 million.
  • Abrdn’s transformation program focuses on cost savings while investing in people, technology, AI, and process improvements.
  • Expected cost savings for FY 2024 are approximately £60 million.
  • The company plans to achieve at least £150 million in annualized savings by the end of FY 2025.
  • Current market analyst ratings for Abrdn include 2 buys, 5 holds, and 9 sells.

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A look at abrdn PLC Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth3
Resilience4
Momentum5
OVERALL SMART SCORE4.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Investment analysts at Smartkarma have indicated that abrdn PLC, a prominent investment company, has received strong Smart Scores across multiple key factors. With top scores in Value, Dividend, and Momentum, abrdn PLC is positioned well in terms of the company’s financial health, ability to generate returns for investors, and market performance. Additionally, the company has scored well in Resilience, reflecting its capacity to weather market uncertainties. While Growth is rated slightly lower, abrdn PLC still demonstrates solid potential for future expansion.

Abrdn PLC, operating as an investment company, offers a diverse range of investment solutions across global markets, including equities, fixed income, real estate, and alternative assets. The company’s strong Smart Scores in Value, Dividend, and Momentum highlight its competitive strength in the market. With a global reach, abrdn PLC is well-positioned to deliver value and returns to its investors over the long term, supported by its resilient performance and growth prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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