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The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd announced the cessation of 44,516 ordinary fully paid securities due to an on-market buy-back, effective May 23, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling confidence in its financial position, which could influence investor sentiment positively.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.20 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 a company operating in the financial services industry, primarily focusing on investment management and financial advisory services. It is known for managing global equity and infrastructure strategies, catering to a diverse range of clients including retail and institutional investors.
Average Trading Volume: 919,308
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.46B
Learn more about MFG stock on TipRanks’ Stock Analysis page.
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