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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
如果你想知道誰真正控制了友邦保險(HKG:1299),那麼你就得看看它的股票登記處的構成。我們可以看到,機構擁有公司的最大份額,擁有53%的股權。換句話説,該集團面臨着最大的上行潛力(或下行風險)。
其結果是,在市值縮水410億港元后,機構投資者上週遭受了最大損失。這羣投資者可能特別擔心當前的虧損,這增加了股東一年22%的虧損。金融機構也被稱為“聰明的錢”,對股票價格的走勢有很大的影響力。因此,如果跌勢持續,機構可能面臨拋售友邦保險的壓力,這可能會對個人投資者產生負面影響。
讓我們仔細看看不同類型的股東能告訴我們關於友邦保險的什麼。
參見我們對友邦保險的最新分析
聯交所:1299擁有權分類2022年10月14日
關於友邦保險,機構所有制告訴了我們什麼?
機構通常在向自己的投資者報告時,以基準來衡量自己,因此一旦一隻股票被納入主要指數,它們往往會對這隻股票變得更加熱情。我們預計,大多數公司都會有一些機構登記在冊,特別是在它們正在增長的情況下。
友邦保險已經在股票登記處登記了機構。事實上,他們在該公司擁有可觀的股份。這意味着為這些機構工作的分析師已經看過了這隻股票,他們喜歡它。但就像其他人一樣,他們也可能錯了。如果多家機構同時改變對一隻股票的看法,你可能會看到股價迅速下跌。因此,下面友邦保險的收入歷史值得一看。當然,未來才是真正重要的。
聯交所:1299盈利及收入增長2022年10月14日
由於機構投資者擁有一半以上的已發行股票,董事會可能不得不關注他們的偏好。友邦保險並不為對衝基金所有。Capital Research and Management Company目前是最大股東,持有7.1%的流通股。貝萊德股份有限公司和先鋒集團股份有限公司分別佔流通股的5.9%和3.9%,是第二大和第三大股東。
我們的研究表明,前25名股東總共控制着公司不到一半的股份,這意味着公司的股票被廣泛傳播,沒有佔主導地位的股東。
雖然研究一家公司的機構所有權數據是有意義的,但研究分析師的情緒以瞭解風向也是有意義的。相當多的分析師追蹤這隻股票,所以你可以很容易地研究預測增長。
友邦保險的內部人所有權
儘管對內部人的準確定義可能是主觀的,但幾乎每個人都認為董事會成員是內部人。公司管理層對董事會負責,董事會應代表股東的利益。值得注意的是,有時最高層管理人員本身也是董事會成員。
大多數人認為內部人持股是積極的,因為它可以表明董事會與其他股東很好地結盟。然而,在某些情況下,太多的權力集中在這個羣體中。
我們最新的數據顯示,內部人士持有友邦保險不到1%的股份。這是一家非常大的公司,因此如果內部人士擁有該公司很大比例的股份,那將是令人驚訝的。雖然他們持有的股份不足1%,但我們可以看到董事會成員合共持有價值3.49億港元的股份(按現價計算)。在這種情況下,看看這些內部人士一直在買入還是賣出,可能會更有趣。
一般公有制
包括散户投資者在內的普通公眾持有該公司47%的股份,因此不能輕易忽視。這種規模的所有權雖然可觀,但如果決策與其他大股東不同步,可能不足以改變公司政策。
接下來的步驟:
我發現看看到底是誰擁有一家公司是非常有趣的。但為了真正獲得洞察力,我們還需要考慮其他信息。
我喜歡潛入更深的地方瞭解一家公司過去的表現。您可以訪問此互動圖過去的收益、收入和現金流,是免費的。
如果你更願意瞭解分析師對未來增長的預測,請不要錯過這一預期免費關於分析師預測的報告。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。