to boost its assets under management by focusing on racier areas like passive funds and alternative investments. He’s targeting earnings per share of 4.5 euros in 2025, a 15% increase on last year’s level and some 11% ahead of analysts’ forecasts for that year, according to Refinitiv data. A pledge to pay out 65% of earnings in 2025, and a hint of a 1 billion euro special dividend in 2024, would imply perhaps 2.
Then again, the company’s shares look a little lacklustre. It is valued at less than 10 times next year’s earnings, based on analysts’ estimates, versus Schroders
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