PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED (PNI)
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PNI

PNI - PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 4.53
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$16.36

06 May
2026

0.150

OPEN

$16.40

0.93%

HIGH

$16.59

1,165,835

LOW

$16.18

TARGET
$22.165

+0.37 change from previous day

 35.5% upside
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
PNI: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 63.2 67.1 xxx
DPS (cps) xxx 60.0 61.3 xxx
EPS Growth xxx 38.0% 6.1% xxx
DPS Growth xxx 42.9% 2.2% xxx
PE Ratio xxx N/A 24.6 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 94.9% 91.5% xxx

Dividend yield today if purchased 3 years ago: 6.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.64

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 01/09 - ex-div 27c (franking 88%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx63.2
DPS All xxxxxxxxxxxxxxx60.0
Sales/Revenue xxxxxxxxxxxxxxx77.8 M
Book Value Per Share xxxxxxxxxxxxxxx428.5
Net Operating Cash Flow xxxxxxxxxxxxxxx124.3 M
Net Profit Margin xxxxxxxxxxxxxxx172.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx19.56 %
Return on Invested Capital xxxxxxxxxxxxxxx16.91 %
Return on Assets xxxxxxxxxxxxxxx16.35 %
Return on Equity xxxxxxxxxxxxxxx19.56 %
Return on Total Capital xxxxxxxxxxxxxxx2.77 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx108 M
Total Debt xxxxxxxxxxxxxxx110 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx27 M
Price To Book Value xxxxxxxxxxxxxxx4.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx2 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx53 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx437 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

05/05/2026

1

Outperform

$25.11

53.48%

Macquarie notes Pinnacle Investment Management's 3Q26 FUM rose 2.9% over the prior quarter with retail down -1.2% and international up 13.8%. Domestic institutional flows fell -2.3%.

Net inflows rose $9.4bn in the period, which was better than anticipated at circa 85% of consensus pre-release 2H26 net flow forecasts of $11.1bn, the analyst explains.

Some 60% of total performance fee FUM was at high watermarks versus 59% in the prior quarter.

Pinnacle acquired a further 6.8% stake in Metrics for around $100.5m funded via the existing balance sheet.

Outperform retained with a lower target of $25.11 from $25.25.

FORECAST
Macquarie forecasts a full year FY26 dividend of 60.30 cents and EPS of 69.30 cents.
Macquarie forecasts a full year FY27 dividend of 71.90 cents and EPS of 86.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

07/05/2026

1

Buy

$24.53

49.94%

Canaccord Genuity highlights a strong funds under management (FUM) update from Pinnacle Investment Management, with net inflows of $9.4bn materially ahead of expectations.

Contributions from Life Cycle, Advantage Partners and key affiliates drove the 'beat', the analyst observes. The result is thought to de-risk 2H26 flow forecasts, with the broker's FY26 inflow estimate lifted.

Commentary observes flows remain lumpy but earnings visibility is improving.

Canaccord re-iterates a Buy rating with an unchanged target price of $24.53, citing attractive growth supported by strong affiliate performance.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 57.00 cents and EPS of 60.80 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 76.00 cents and EPS of 81.30 cents.
Access Extra Coverage Research History >

PNI STOCK CHART

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