Azimut Holding stock, financial services

Azimut Holding stock slips 1.09 percent as buyback continues

Published on 09/24/2026 at 17:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Azimut Holding stock stood at EUR 38.93 on September 24, 2026, with a market value of EUR 5.52 billion. First-half revenue rose 21 percent year over year to EUR 781 million.

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Azimut Holding stock (ISIN IT0003261697) stood at EUR 38.93 on Borsa Italiana on September 24, 2026, down 1.09 percent from the previous close. The move came as the Italian asset manager continued a buyback program while expanding its international investment platform.

Kennedy deal reaches full ownership

Azimut completed the acquisition of the remaining 49 percent of Kennedy Capital Management, taking its stake in the US asset manager to 100 percent. According to MarketScreener, the transaction is expected to close by the end of 2026 and remains subject to customary closing conditions.

The transaction gives Azimut complete ownership of a business it had previously held through a minority position. That structure fits the group's stated model, which combines asset management, wealth management, investment banking and fintech activities across several regions.

Revenue climbs in first half

Azimut generated EUR 781 million in total revenue in the first half of 2026, up 21 percent from the same period a year earlier. The company also reported EUR 8.1 billion in net inflows, equivalent to 81 percent of its original full-year target, according to Quartr.

Reported net profit reached EUR 242 million in the same period, while recurring net profit increased 6 percent year over year to EUR 249 million. The comparison matters because recurring earnings show whether fee-generating operations are advancing independently of market valuation effects.

Buyback adds a second support

Azimut purchased 291,195 ordinary shares between September 14 and September 18, 2026, at a volume-weighted average price of EUR 38.3677 per share. The company disclosed the transactions in a September 21, 2026 filing published through Azimut.

At EUR 38.93, the stock was EUR 1.46 below its 52-week high of EUR 40.39, a gap of 3.61 percent. Its market capitalization stood at EUR 5,521,007,363 on September 24, 2026, keeping the share price close to its yearly peak despite the daily decline.

Azimut stock stays near yearly high

Azimut Holding stock stood at EUR 38.93 on September 24, 2026. The combination of 21 percent first-half revenue growth, EUR 8.1 billion in inflows and continued repurchases gives investors three measurable indicators for assessing the stock's operating momentum and valuation.