Following an IOOF Holdings' update on funds under management and administration (FUMA) and flows for the 1Q of FY22, Ord Minnett maintains its Buy rating and $5.10 target price.

Guidance was maintained for a pretax synergy yearly run rate of $218m by the end of FY24. In addition, guidance for the FY22 synergy run rate range of $80-100m was unchanged.

Sector: Diversified Financials.

Target price is $5.10.Current Price is $4.08. Difference: $1.02 - (brackets indicate current price is over target). If IFL meets the Ord Minnett target it will return approximately 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena