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Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.
Magellan Financial Group Ltd announced the cessation of 25,247 ordinary fully paid securities due to an on-market buy-back, effective October 30, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling a commitment to returning value to shareholders.
The most recent analyst rating on (AU:MFG) stock is a Buy with a A$11.00 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. The company offers a range of investment products and services, catering to both retail and institutional clients, with a market focus on delivering high-quality investment solutions.
Average Trading Volume: 575,969
Technical Sentiment Signal: Buy
Current Market Cap: A$1.71B
For an in-depth examination of MFG stock, go to TipRanks’ Overview page.