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Magellan Financial Group Ltd ( (AU:MFG) ) has issued an announcement.
Magellan Financial Group has disclosed changes in director John Eales’ interests, detailing movements in his holdings across several of the group’s managed funds and related investment vehicles. The filing shows an off-market transfer of units in the Airlie Australian Share Fund between his family trust and superannuation fund with no change in beneficial ownership, alongside a fresh application to acquire additional units in the Vinva Global Alpha Extension Fund, modestly increasing his overall exposure to Magellan-managed strategies while leaving his direct share and option holdings in the company unchanged.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.50 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 Australia-based fund management company focused on global equities and related investment products. It offers listed and unlisted funds, including the Magellan Global Fund and strategies such as the Airlie Australian Share Fund, targeting both retail and institutional investors through the ASX and other channels.
Average Trading Volume: 1,076,975
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.