If I had bought $5,000 AMP shares a week ago, here's how much I'd have now!

AMP shares have outperformed the ASX 200 in the last week.

| More on:
A sophisticated older lady with shoulder-length grey hair and glasses sits on her couch laughing while looking at her phone

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Key points

  • AMP shares have lifted 8.7% in the past week 
  • If I had invested $5,000 in AMP a week ago, I would have made profit 
  •  AMP is due to complete the first stage of a sale to Dexus this Friday 

The AMP Ltd (ASX: AMP) share price has outperformed the S&P/ASX 200 Index (ASX: XJO) in the last week.

AMP shares have lifted 8.7% from 97.5 cents at market close on 14 March to $1.06 at the time of writing.

In comparison, the benchmark ASX 200 index has climbed 0.16% in the same time frame.

Let's take a look at how much I would have now if I had invested $5,000 in AMP shares a week ago.

How much would I make from AMP shares?

AMP shares were fetching 97.5 cents a week ago. So if I had invested $5,000 into AMP shares at this price, I would have received 5,128 AMP shares.

However, now, AMP shares are trading at $1.06 at last look. This means, my shares would now be worth $5,435.68.

Therefore, my investment in AMP shares would have delivered me more than $400 in gains in just a week.

However, on the flip side, AMP shares have declined 19% in the year to date. If I had bought $5,000 worth of AMP shares at market close on 30 December 2022, I would have received 3,802 AMP shares at $1.315 apiece.

These would now be worth just $4,030.12, based on today's AMP share price. So I would have lost close to $1,000 on my investment.

Meanwhile, AMP revealed this week that the first stage of its sale of Collimate Capital's real estate and domestic infrastructure equity business to Dexus Property Group (ASX: DXS) will be complete on Friday. This will deliver about $337 million. However, final completion of the sale, set to bring in $50 million more, depends on regulatory approval from China.

Commenting on this sale, on Monday, AMP CEO Alexis George said:

The sale allows AMP to have a clear focus on our go forward businesses of retail banking and wealth management in Australia and New Zealand.

AMP share price snapshot

AMP shares have risen nearly 12% in the last year. But in the past month, they have descended 3%.

Created with Highcharts 11.4.3Amp PriceZoom1M3M6MYTD1Y5Y10YALLwww.fool.com.au

For perspective, the ASX 200 has shed 4% in the last year.

AMP has a market capitalisation of about $3.1 billion based on the current share price.

Motley Fool contributor Monica O'Shea has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Financial Shares

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Financial Shares

Buy this surging ASX 300 stock before the next interest rate cut

A leading fund manager expects more upside from this surging ASX 300 stock.

Read more »

woman talking on the phone and giving financial advice whilst analysing the stock market on the computer with a pen
Financial Shares

Why this ASX All Ords stock surged yesterday

Investors sent this ASX All Ords stock flying higher. But why?

Read more »

Young woman thinking with laptop open.
Financial Shares

Does Macquarie tip more upside for Suncorp or IAG shares?

Macquarie analysed the outlook for both Suncorp and IAG shares in the year ahead.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Financial Shares

Why this $2 billion ASX 200 stock looks undervalued today

A leading expert believes this ASX 200 company is poised to ‘unlock some decent value’.

Read more »

A woman smiles at the outlook she sees through binoculars.
Financial Shares

Here's the earnings forecast out to 2030 for Macquarie shares

What’s expected of investment bank Macquarie?

Read more »

Woman and man calculating a dividend yield.
Financial Shares

Why did Macquarie just downgrade IAG shares to neutral?

The IAG share price is down this morning.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Mergers & Acquisitions

IAG share price lifts off on strategic alliance approval

IAG shares are racing higher in Thursday’s sinking market.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
Financial Shares

Want a financial stock outside the big 4 banks? Macquarie tips 15% upside for this small cap financial

For those searching on the edges, this name could be worth a second look according to Macquarie.

Read more »