Azimut stock gains as buyback and Kennedy Capital deal support FTSE MIB move

Azimut Holding S.p.A. stock (ISIN IT0001050910) traded higher on Borsa Italiana on September 21, 2026, with the shares around EUR 39.66 in intraday trading and up about 1.56 percent on the day, supported by fresh buyback data and acquisition news in the asset management business.

Buyback of EUR 11.17 million and Kennedy Capital deal

According to Azimut Holding on September 21, 2026, the company purchased a total of 291,195 own shares between September 14, 2026 and September 18, 2026 at a volume-weighted average price of EUR 38.3677 per share, for an aggregate consideration of EUR 11,172,480.44.

In the same disclosure, Azimut detailed daily buyback activity including 60,000 shares bought on September 14, 2026 at an average price of EUR 38.4028, 136,195 shares on September 15, 2026 at EUR 38.0284, 60,000 shares on September 16, 2026 at EUR 38.6152, 15,000 shares on September 17, 2026 at EUR 39.2699 and 20,000 shares on September 18, 2026 at EUR 39.1537, all executed mainly on the MTAA market of Borsa Italiana.

As SoldiOnline reported on September 21, 2026, the buyback period from September 14, 2026 to September 18, 2026 saw Azimut acquiring 291,195 ordinary shares at an average price of EUR 38.3677, underlining management’s ongoing capital-return policy toward shareholders.

In parallel, Azimut is expanding its US presence through Kennedy Capital Management, a St. Louis-based asset manager focused on small and mid-cap strategies. As MarketScreener reported on September 21, 2026, Azimut Holding shares were up about 1.4 percent after the group announced an agreement to acquire the remaining 49 percent of Kennedy Capital Management, taking its stake to 100 percent.

Stock price level and recent performance

Per the FTSE MIB constituent overview on Borsa Italiana, Azimut stock was quoted around EUR 39.66 on September 21, 2026 at approximately 14:28:19 local time, with a gain of 1.56 percent on the session as the Milan benchmark index traded higher.Borsa Italiana

Recent closing data from a price overview show that Azimut shares closed at EUR 39.05 on September 18, 2026 on Borsa Italiana, down 1.09 percent from the previous session, after trading between a day low and day high with volume of about 569,695 shares, while the five-day performance was slightly positive and the year-to-date move stood in high single digits.MarketScreener

That closing price of EUR 39.05 on September 18, 2026 compares with intraday levels around EUR 39.66 on September 21, 2026, implying a gain of roughly 1.6 percent over the last completed trading day and placing the stock close to the upper portion of its recent trading range on Borsa Italiana.

Analyst context and medium-term picture

The same MarketScreener overview indicates that the average analyst price target for Azimut stands around EUR 42.04 per share as of September 21, 2026, suggesting limited upside of about 7.7 percent from the EUR 39.05 close on September 18, 2026 and providing a medium-term reference point for investors following the asset manager.MarketScreener

Intraday commentary from Italian financial media noted that Azimut was among the names in positive territory on the Milan exchange on September 21, 2026, with the stock up around 1.6 percent and benefiting from the broader FTSE MIB advance driven by financials and technology, adding sector support to the company-specific news flow.QuiFinanza

For medium-term investors, the combination of ongoing share repurchases, the step-up to full ownership of Kennedy Capital Management and a consensus target moderately above recent spot prices places Azimut in a position where capital allocation and international growth strategy are key factors alongside market conditions in Italy and global asset management flows.

Stock and market data

Azimut stock last closed at EUR 39.05 on Borsa Italiana on September 18, 2026, with an intraday quote around EUR 39.66 as of September 21, 2026 in Milan, marking a daily gain of about 1.56 percent and reflecting investor interest in the company’s buyback activity and acquisition strategy.

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