Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd announced the cessation of 63,349 ordinary fully paid securities due to an on-market buy-back, effective June 11, 2025. This move is part of the company’s capital management strategy, potentially impacting its share capital structure and market positioning, while also reflecting its commitment to returning value to shareholders.
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. It offers a range of investment products and services, catering to both retail and institutional clients, with a strong emphasis on global equity strategies.
Average Trading Volume: 811,607
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.43B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue