Azimut agrees to buy Kennedy stake. Azimut stock sits 5.30 percent below its 52-week high.

Published on 10/05/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half 2026 revenue rose 21.00 percent to EUR 781.00 million. Azimut stock costs EUR 38.25 on October 5, 2026 versus EUR 38.06, plus 0.50 percent.

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Azimut Holding (ISIN IT0003261697) was trading at EUR 38.25 at Lang & Schwarz on October 5, 2026 at 11:31 a.m. CEST, up 0.50 percent versus the prior close of EUR 38.06. On September 21, 2026, MarketScreener reported that Azimut had agreed to acquire the remaining 49.00 percent of Kennedy Capital Management, taking its stake in the US investment boutique to 100.00 percent.

Kennedy deal expands US platform

The transaction is planned as a cash deal through Azimut NSI and includes earn-out mechanisms, with completion expected by the end of 2026 subject to customary conditions, according to MarketScreener. Kennedy will continue operating as an investment boutique within Azimut NSI, while the platform provides distribution access to wirehouses, registered investment advisors and broker-dealers.

Half-year growth adds earnings support

Azimut's first-half 2026 revenue reached EUR 781.00 million, up 21.00 percent year over year, while recurring revenue increased 16.00 percent, according to Quartr in its September 10, 2026 summary. Reported net profit was EUR 242.00 million, while recurring net profit rose 6.00 percent year over year to EUR 249.00 million, giving the acquisition strategy a stronger operating backdrop.

Stock stays below yearly high

Azimut's market capitalization stood at EUR 5.4 billion on October 5, 2026. The finance data range for the same date was EUR 30.19 to EUR 40.39, placing the Lang & Schwarz price 5.30 percent below the yearly high and 26.70 percent above the yearly low. The comparison shows that the stock remains closer to its upper annual boundary than its lower one, although the acquisition still carries closing and integration conditions.

Lang & Schwarz quote stays positive

At 11:31 a.m. CEST on October 5, 2026, Azimut stock was trading at EUR 38.25 at Lang & Schwarz, up 0.50 percent versus the prior close of EUR 38.06. The further course of trading is shown by the continuously updated real-time quote of Azimut stock.