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Pepper Money Ltd ( (AU:PPM) ) has shared an update.
Pepper Money Limited, in collaboration with a consortium including KKR, has agreed to acquire the RAMS home loan portfolio from Westpac, valued at approximately $21.4 billion. This acquisition aligns with Pepper Money’s strategy to expand its capital-light servicing business, enhancing operational scale and diversification. The transaction, pending regulatory approvals, is expected to complete by the third quarter of 2026, potentially strengthening Pepper Money’s market position and offering annuity-style earnings.
The most recent analyst rating on (AU:PPM) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Pepper Money Ltd stock, see the AU:PPM Stock Forecast page.
More about Pepper Money Ltd
Pepper Money is a leading non-bank lender in Australia and New Zealand, established in 2000. It specializes in residential home loans and offers a broad range of financial products including asset finance, commercial real estate, and novated leases.
Average Trading Volume: 303,652
Technical Sentiment Signal: Buy
Current Market Cap: A$991.3M
For a thorough assessment of PPM stock, go to TipRanks’ Stock Analysis page.