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Magellan Financial Group Ltd ( (AU:MFG) ) has issued an update.
Magellan Financial Group Ltd has announced the cessation of 80,423 ordinary fully paid securities due to an on-market buy-back, effective June 3, 2025. This move is part of the company’s capital management strategy, which may impact its share capital structure and potentially influence shareholder value.
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 entity in the financial services industry, primarily focused on providing investment management services. The company is known for managing global equity funds and has a significant presence in the Australian market.
YTD Price Performance: -22.41%
Average Trading Volume: 856,881
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.44B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.