Amundi Shares Climb 3.36% at Midday After Record Fund Collection
On Tuesday, February 3rd, Amundi's stock significantly advanced, marking a 3.36% increase to 79.95 euros by midday. This surge followed the announcement of the annual results for 2025, highlighted by a record net collection. The French asset management giant continues its upward trajectory, with a weekly gain of 7.32%.
The asset manager recorded a historic net collection of 88 billion euros for the fiscal year 2025, boosting its total assets under management to 2,380 billion euros. This unprecedented level demonstrates the success of its new strategic roadmap and confirms the trust of both institutional and individual investors. The operational profitability has kept pace with this commercial momentum. The adjusted pre-tax profit reached 1.9 billion euros, up by 6% compared to the previous year. This improvement reflects the efficiency of the group's cost structure and its ability to monetize the growth in assets under management. Investors applaud this virtuous combination of collected volumes and preserved margins.
Analysts Had Anticipated Strong Performance
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Analyst offices had anticipated this strong direction. Oddo BHF recently raised its price target from 77 to 80 euros on January 20th, while reaffirming its outperformance rating on the stock. This target, now achieved, suggests limited appreciation potential in the short term at the current trading level. Barclays takes a more cautious stance with a 'market-weight' recommendation and a target of 73 euros, set in mid-January. The British institution thus displays a target below the current price, suggesting a valuation already well integrated by the market. Technically, the RSI stands at 72, indicating a potential overbought zone, while the recent crossing of the 200-day moving average, established at 68.64 euros, confirms the solidity of the medium-term bullish trend.
Au troisième trimestre, Amundi a prolongé les dynamiques positives avec une collecte de +15 Md€, une hausse des revenus de +5% et une progression du résultat avant impôt de +4 %.
Collecte soutenue (9M +67 Md€, T3 +15 Md€), encours record 2 317 Md€, croissance des revenus (+4,9 % 9M ajusté), forte progression d'Amundi Technology (+48% 9M/9M) et bonne dynamique des ETF (+28 Md€ 9M). Résultats ajustés en hausse: résultat avant impôt ajusté 9M 1 340 M€, résultat net ajusté 9M 978 M€.
Risks mentioned
Incertitude sur le renouvellement du contrat de distribution UniCredit à échéance juillet 2027
Risque de change: effet défavorable du dollar US (-12%) et de la roupie indienne (-15%) sur les encours
Risque de réallocation de l'EPFO pouvant entraîner sorties pour SBI FM (30-40 Md€ évoqués)
Volatilité des marchés pouvant impacter les encours et la collecte
Opportunities identified
Croissance en Asie (collecte 9M +29 Md€, forte contribution des JV et distribution directe)
Distribution Tiers et plateformes digitales (collecte 9M +21 Md€, 34% de la collecte via plateformes digitales)
Actifs privés et stratégies Megatendances (levée Mégatendances III 0,3 Md€)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
