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Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.
Magellan Financial Group Ltd announced the cessation of 40,000 ordinary fully paid securities due to an on-market buy-back, effective October 31, 2025. This strategic move is likely aimed at optimizing the company’s capital structure and could have implications for shareholder value and market perception.
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 focused on investment management. The company is known for managing global equity and infrastructure strategies, catering to a wide range of clients including retail investors, institutions, and high-net-worth individuals.
Average Trading Volume: 571,465
Technical Sentiment Signal: Buy
Current Market Cap: A$1.71B
Find detailed analytics on MFG stock on TipRanks’ Stock Analysis page.