Published on 30 Jun 2023 on Simply Wall St. via Yahoo Finance
With 54% institutional ownership, Fortescue Metals Group Limited (ASX:FMG) is a favorite amongst the...
Key Insights
Institutions' substantial holdings in Fortescue Metals Group implies that they have significant influence over the company's share price52% of the business is held by the top 3 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
To get a sense of who is truly in control of Fortescue Metals Group Limited (ASX:FMG), it is important to understand the ownership structure of the business. With 54% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).