Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Magellan Financial Group Ltd ( (AU:MFG) ) has provided an announcement.
Magellan Financial Group Ltd announced the cessation of 68,805 ordinary fully paid securities as part of an on-market buy-back process, effective June 13, 2025. This move is likely to impact the company’s capital structure and could be seen as a strategy to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and improving market perception.
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 services. The company is known for managing global equity and infrastructure strategies, catering to a diverse range of clients including retail investors, institutional investors, and high-net-worth individuals.
Average Trading Volume: 799,899
Technical Sentiment Signal: Sell
Current Market Cap: A$1.49B
Learn more about MFG stock on TipRanks’ Stock Analysis page.