Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Magellan Financial Group Ltd ( (AU:MFG) ) has issued an announcement.
Magellan Financial Group Limited has cancelled 160,000 ordinary fully paid shares as part of an on-market buy-back, effective 29 December 2025. The cessation of these securities reduces the company’s issued capital, which can be marginally accretive for remaining shareholders and reflects Magellan’s ongoing capital management strategy in the current market environment.
The most recent analyst rating on (AU:MFG) stock is a Hold with a A$10.70 price target. To see the full list of analyst forecasts on Magellan Financial Group Ltd stock, see the AU:MFG Stock Forecast page.
More about Magellan Financial Group Ltd
Magellan Financial Group Limited is an Australia-based investment management company listed on the ASX under the code MFG, focusing on providing funds management services to institutional and retail investors, primarily through actively managed investment strategies.
Average Trading Volume: 468,566
Technical Sentiment Signal: Hold
Current Market Cap: A$1.59B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.