If you want to know who really controls AIA Group Limited (HKG:1299), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 53% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
As a result, institutional investors endured the highest losses last week after market cap fell by HK$41b. This set of investors may especially be concerned about the current loss, which adds to a one-year loss of 22% for shareholders. Also referred to as "smart money", institutions have a lot of sway over how a stock's price moves. As a result, if the downtrend continues, institutions may face pressures to sell AIA Group, which might have negative implications on individual investors.
Let's take a closer look to see what the different types of shareholders can tell us about AIA Group.
See our latest analysis for AIA Group
SEHK:1299 Ownership Breakdown October 14th 2022
What Does The Institutional Ownership Tell Us About AIA Group?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
AIA Group already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at AIA Group's earnings history below. Of course, the future is what really matters.
SEHK:1299 Earnings and Revenue Growth October 14th 2022
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. AIA Group is not owned by hedge funds. Capital Research and Management Company is currently the largest shareholder, with 7.1% of shares outstanding. With 5.9% and 3.9% of the shares outstanding respectively, BlackRock, Inc. and The Vanguard Group, Inc. are the second and third largest shareholders.
Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of AIA Group
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
Our most recent data indicates that insiders own less than 1% of AIA Group Limited. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own HK$349m worth of shares (at current prices). In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.
General Public Ownership
The general public-- including retail investors -- own 47% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Next Steps:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too.
I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free.
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
如果你想知道谁真正控制了友邦保险(HKG:1299),那么你就得看看它的股票登记处的构成。我们可以看到,机构拥有公司的最大份额,拥有53%的股权。换句话说,该集团面临着最大的上行潜力(或下行风险)。
其结果是,在市值缩水410亿港元后,机构投资者上周遭受了最大损失。这群投资者可能特别担心当前的亏损,这增加了股东一年22%的亏损。金融机构也被称为“聪明的钱”,对股票价格的走势有很大的影响力。因此,如果跌势持续,机构可能面临抛售友邦保险的压力,这可能会对个人投资者产生负面影响。
让我们仔细看看不同类型的股东能告诉我们关于友邦保险的什么。
参见我们对友邦保险的最新分析
联交所:1299拥有权分类2022年10月14日
关于友邦保险,机构所有制告诉了我们什么?
机构通常在向自己的投资者报告时,以基准来衡量自己,因此一旦一只股票被纳入主要指数,它们往往会对这只股票变得更加热情。我们预计,大多数公司都会有一些机构登记在册,特别是在它们正在增长的情况下。
友邦保险已经在股票登记处登记了机构。事实上,他们在该公司拥有可观的股份。这意味着为这些机构工作的分析师已经看过了这只股票,他们喜欢它。但就像其他人一样,他们也可能错了。如果多家机构同时改变对一只股票的看法,你可能会看到股价迅速下跌。因此,下面友邦保险的收入历史值得一看。当然,未来才是真正重要的。
联交所:1299盈利及收入增长2022年10月14日
由于机构投资者拥有一半以上的已发行股票,董事会可能不得不关注他们的偏好。友邦保险并不为对冲基金所有。Capital Research and Management Company目前是最大股东,持有7.1%的流通股。贝莱德股份有限公司和先锋集团股份有限公司分别占流通股的5.9%和3.9%,是第二大和第三大股东。
我们的研究表明,前25名股东总共控制着公司不到一半的股份,这意味着公司的股票被广泛传播,没有占主导地位的股东。
虽然研究一家公司的机构所有权数据是有意义的,但研究分析师的情绪以了解风向也是有意义的。相当多的分析师追踪这只股票,所以你可以很容易地研究预测增长。
友邦保险的内部人所有权
尽管对内部人的准确定义可能是主观的,但几乎每个人都认为董事会成员是内部人。公司管理层对董事会负责,董事会应代表股东的利益。值得注意的是,有时最高层管理人员本身也是董事会成员。
大多数人认为内部人持股是积极的,因为它可以表明董事会与其他股东很好地结盟。然而,在某些情况下,太多的权力集中在这个群体中。
我们最新的数据显示,内部人士持有友邦保险不到1%的股份。这是一家非常大的公司,因此如果内部人士拥有该公司很大比例的股份,那将是令人惊讶的。虽然他们持有的股份不足1%,但我们可以看到董事会成员合共持有价值3.49亿港元的股份(按现价计算)。在这种情况下,看看这些内部人士一直在买入还是卖出,可能会更有趣。
一般公有制
包括散户投资者在内的普通公众持有该公司47%的股份,因此不能轻易忽视。这种规模的所有权虽然可观,但如果决策与其他大股东不同步,可能不足以改变公司政策。
接下来的步骤:
我发现看看到底是谁拥有一家公司是非常有趣的。但为了真正获得洞察力,我们还需要考虑其他信息。
我喜欢潜入更深的地方了解一家公司过去的表现。您可以访问此互动图过去的收益、收入和现金流,是免费的。
如果你更愿意了解分析师对未来增长的预测,请不要错过这一预期免费关于分析师预测的报告。
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。