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Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd announced the cessation of 51,669 ordinary fully paid securities following an on-market buy-back. This move is part of the company’s capital management strategy, potentially impacting its stock liquidity and shareholder value, while also reflecting its commitment to optimizing capital structure.
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 related financial products. The company is known for its expertise in managing global equity and infrastructure strategies, catering to a diverse range of clients including institutional investors and retail clients.
Average Trading Volume: 847,017
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.42B
Find detailed analytics on MFG stock on TipRanks’ Stock Analysis page.