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Commonwealth Bank of Australia Updates Director’s Shareholding

Story Highlights
  • Commonwealth Bank of Australia is a leading financial institution in Australia.
  • Director Mary Louise Padbury increased her shareholding through the Dividend Reinvestment Plan.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Commonwealth Bank of Australia Updates Director’s Shareholding

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Commonwealth Bank of Australia ( (AU:CBA) ) just unveiled an update.

The Commonwealth Bank of Australia has announced a change in the director’s interest notice for Mary Louise Padbury, who has participated in the bank’s Dividend Reinvestment Plan. As a result of this participation, Padbury acquired 58 fully paid ordinary shares, increasing her direct holding to 3,800 shares. This change reflects the bank’s ongoing commitment to aligning the interests of its directors with those of its shareholders, potentially enhancing stakeholder confidence in the bank’s governance practices.

The most recent analyst rating on (AU:CBA) stock is a Sell with a A$125.00 price target. To see the full list of analyst forecasts on Commonwealth Bank of Australia stock, see the AU:CBA Stock Forecast page.

More about Commonwealth Bank of Australia

Commonwealth Bank of Australia is a major financial institution in Australia, offering a wide range of financial services including retail, business, and institutional banking, funds management, superannuation, insurance, investment, and broking services. It is one of the largest banks in the country, with a significant focus on providing comprehensive financial solutions to its customers.

Average Trading Volume: 1,857,745

Technical Sentiment Signal: Buy

Current Market Cap: A$283.9B

See more insights into CBA stock on TipRanks’ Stock Analysis page.

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