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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group director Cathy Kovacs has increased her direct holding in the company through participation in a share purchase plan. She acquired 1,244 ordinary fully paid shares at $8.45 each on 1 April 2026, lifting her stake from 12,400 to 13,644 shares.
The transaction, disclosed to the ASX under director interest rules, signals additional personal investment by a board member in the fund manager. The purchase was conducted outside any closed trading period, and no related contracts or derivative interests were involved, underscoring the straightforward nature of the equity increase.
The most recent analyst rating on (AU:MFG) stock is a Hold with a A$9.90 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 Ltd is an Australian asset management company focused on global equities and infrastructure investments. It manages funds on behalf of retail and institutional investors, with its shares listed on the Australian Securities Exchange under the ticker MFG.
Average Trading Volume: 1,048,227
Technical Sentiment Signal: Hold
Current Market Cap: A$1.84B
Find detailed analytics on MFG stock on TipRanks’ Stock Analysis page.