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Magellan Financial Group Ltd ( (AU:MFG) ) has provided an announcement.
Magellan Financial Group Ltd has announced the cessation of 38,638 ordinary fully paid securities as part of an on-market buy-back, effective May 27, 2025. This move is part of the company’s capital management strategy, potentially impacting its share structure and market positioning, which may have implications for its stakeholders.
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 prominent player in the financial services industry, primarily focusing on investment management. The company offers a range of financial products and services, catering to both retail and institutional investors, with a strong emphasis on global equity strategies.
YTD Price Performance: -22.50%
Average Trading Volume: 887,845
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.44B
See more data about MFG stock on TipRanks’ Stock Analysis page.