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The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group has disclosed a change in director Peeyush Gupta’s interests, with Gupta acquiring 24,400 fully paid ordinary shares in the company. The on-market purchase, made indirectly through Anisam Pty Ltd as trustee of the Gupta 2002 Trust, marks Gupta’s first holding in Magellan shares and may be viewed as a signal of confidence in the firm’s prospects by a board member.
The shares were acquired on 16 March 2026 at an average price of $10.2779 per share, with no corresponding disposals or related contract changes reported. The company confirmed the transaction occurred outside any closed trading period, suggesting standard governance processes were followed and providing additional transparency for shareholders monitoring director dealings.
The most recent analyst rating on (AU:MFG) stock is a Buy with a A$12.43 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 investment management company focused on global equities and infrastructure strategies. Its primary business is managing funds on behalf of institutional, retail, and high-net-worth investors, with its shares listed on the ASX under the ticker MFG.
Average Trading Volume: 936,401
Technical Sentiment Signal: Buy
Current Market Cap: A$1.9B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.