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Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.
Magellan Financial Group Ltd has announced the cessation of 28,126 ordinary fully paid securities due to an on-market buy-back, effective from October 7, 2025. This move is part of the company’s capital management strategy, potentially impacting its market positioning by reducing the number of outstanding shares, which could influence shareholder value and market perception.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.55 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, focusing on investment management and financial advisory services. The company is known for managing global equity and infrastructure strategies for a wide range of clients.
YTD Price Performance: -2.60%
Average Trading Volume: 627,441
Technical Sentiment Signal: Buy
Current Market Cap: A$1.71B
Learn more about MFG stock on TipRanks’ Stock Analysis page.