tiprankstipranks
Trending News
More News >

Magellan Financial Group Announces Cessation of Securities

Story Highlights
Magellan Financial Group Announces Cessation of Securities

Confident Investing Starts Here:

Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.

Magellan Financial Group Ltd has announced the cessation of 38,940 ordinary fully paid securities due to an on-market buy-back, effective May 12, 2025. This move is part of the company’s capital management strategy, potentially impacting its market position and shareholder value by reducing the number of outstanding shares.

More about Magellan Financial Group Ltd

Magellan Financial Group Ltd is a prominent entity in the financial services industry, primarily focusing on investment management. The company is known for managing global equity and infrastructure strategies for retail and institutional investors.

Average Trading Volume: 971,940

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.37B

For an in-depth examination of MFG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App