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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Ltd announced the cessation of 37,135 ordinary fully paid securities due to an on-market buy-back, effective June 6, 2025. This move is part of the company’s capital management strategy and may impact its share capital structure, potentially influencing market perceptions and 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 company in the financial services industry, primarily focused on investment management. It offers a range of investment products and services, catering to both retail and institutional clients.
Average Trading Volume: 838,425
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.42B
See more data about MFG stock on TipRanks’ Stock Analysis page.