--- title: "收益报告后针对投资者的分析师更新：SEB 和 Pareto 将评级下调至持有" description: "在投资者的季度报告发布后，分析师们更新了他们的评估。Ålandsbanken 维持了积极的展望，强调了强劲的资产负债表和更高股息的潜力。然而，Pareto 和 SEB 将他们的评级下调至持有，理由是上市投资组合的上行空间有限以及净资产折价。Pareto 将目标价格下调至 350 克朗，SEB 则下调至 372 克朗。相反，ABG Sundal Collier、Handelsbanken、Keple" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/273493314.md" published_at: "2026-01-23T09:19:29.000Z" --- # 收益报告后针对投资者的分析师更新：SEB 和 Pareto 将评级下调至持有 > 在投资者的季度报告发布后，分析师们更新了他们的评估。Ålandsbanken 维持了积极的展望，强调了强劲的资产负债表和更高股息的潜力。然而，Pareto 和 SEB 将他们的评级下调至持有，理由是上市投资组合的上行空间有限以及净资产折价。Pareto 将目标价格下调至 350 克朗，SEB 则下调至 372 克朗。相反，ABG Sundal Collier、Handelsbanken、Kepler Cheuvreux 和 DNB Carnegie 提高了他们的目标价格，推荐评级从买入到持有不等 The investment company Investor has received new analyst assessments following its quarterly report. Ålandsbanken maintains a positive outlook on the stock, citing the company's proven ability to increase its net asset value. "The balance sheet remains strong (both at the group level and in most portfolio companies), which gives Investor significant room for continued add-on acquisitions and a rising dividend. We still believe that the proposed dividend (5.60 kronor, corresponding to a yield of 1.7 percent) is clearly lower than what Investor has the capacity to distribute – hopefully, this can be offset by higher activity in the portfolio going forward," the bank states. Pareto downgrades Investor to hold from buy and lowers its target price to 350 from 352. "Despite operational improvements in the unlisted portfolio, the upside in the listed portfolio (79 percent of GAV) is modest based on PAS-covered names. Combined with a NAV discount of 8 percent, below the 3/5-year average, we find the risk/reward less attractive," Pareto writes. SEB also downgrades to hold from buy and lowers its target price to 372 kronor from 388. "With Patricia down 9 percent in 2025, Investor was saved by its listed holdings. Since 2022, the listed portfolio has outperformed Investor by 1.8 percent per quarter, meaning Patricia has been a drag. Our currency strategists expect the dollar and euro to continue weakening against the Swedish krona, which creates headwinds for Patricia's valuation and justifies a higher discount in 2026, in our assessment," the major bank notes. On Friday, ABG Sundal Collier also raised its target price to 380 kronor (from 355) with a buy recommendation, Handelsbanken raised its target to 365 kronor (from 340) with a hold, Kepler Cheuvreux raised its target to 385 kronor (from 361) with a buy, and DNB Carnegie raised its target for Investor to 375 kronor (from 355), maintaining its buy rating. ### Related Stocks - [AB.US - AllianceBernstein](https://longbridge.com/zh-CN/quote/AB.US.md) - [FNCL.US - 金融指数 MSCI ETF - Fidelity](https://longbridge.com/zh-CN/quote/FNCL.US.md) - [XCHG.US - AB US Equity ETF](https://longbridge.com/zh-CN/quote/XCHG.US.md) - [IAI.US - 美国经纪商&证券交易所 ETF - iShares](https://longbridge.com/zh-CN/quote/IAI.US.md) - [VFH.US - 金融业 ETF - Vanguard](https://longbridge.com/zh-CN/quote/VFH.US.md) - [XLF.US - 金融业 ETF - SPDR](https://longbridge.com/zh-CN/quote/XLF.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 庫倫佛寺銀行公司 $CFR 的股票頭寸被 Assetmark Inc. 提升 | Assetmark Inc. 在第三季度大幅增加了對庫倫佛寺銀行的持股，增幅達到 23,543.6%，目前持有 9,221 股，價值 1,169,000 美元。其他機構投資者也提高了他們的持股。內部人士進行了股票出售，部分高管最近出售了股份 | [Link](https://longbridge.com/zh-CN/news/276508313.md) | | 瑞銀集團 - 穩定化後公告 RBI PerpNC6.9 AT1 | 瑞士銀行（UBS AG）已發佈關於 Raiffeisen Bank International AG 發行的 6.9% 永久性無到期日 AT1 證券（總額為 6.5 億歐元）的後穩定通知。通知指出，瑞士銀行歐洲子公司（UBS Europe | [Link](https://longbridge.com/zh-CN/news/276321485.md) | | 安大略教師養老金計劃委員會出售了美國銀行公司$BAC 的股票 | 安大略教師退休金計劃委員會在第三季度將其在美國銀行（NYSE:BAC）的持股減少了 24.9%，目前持有 3,082,510 股，價值 1.59 億美元。這使得美國銀行成為他們投資組合中第七大持股。其他投資者也調整了他們的持倉，其中一些增加 | [Link](https://longbridge.com/zh-CN/news/276339405.md) | | Skandinaviska Enskilda Banken AB publ 出售了 927,689 股宏利金融公司（Manulife Financial Corp）的股票 $MFC | 斯堪的納維亞銀行（Skandinaviska Enskilda Banken AB publ）已大幅減少對宏利金融（Manulife Financial Corp）的持股，減持幅度達到 75.9%，在第三季度出售了 927,689 股，剩餘 | [Link](https://longbridge.com/zh-CN/news/276321083.md) | | 沃頓商業集團有限責任公司出售了 13,299 股美國銀行（Bank of America Corporation）的股票 $BAC | Wharton Business Group LLC 在第三季度減少了對美國銀行（NYSE:BAC）的持股比例，下降了 3.3%，出售了 13,299 股，剩餘持有 388,178 股，價值 2000 萬美元。其他投資者也調整了他們的持倉， | [Link](https://longbridge.com/zh-CN/news/276458602.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。