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An update from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd announced the cessation of 40,000 ordinary fully paid securities due to an on-market buy-back, effective November 26, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and investor relations by reducing the number of outstanding shares.
The most recent analyst rating on (AU:MFG) stock is a Hold with a A$10.70 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 prominent entity in the financial services industry, primarily focusing on investment management. The company is known for managing global equity funds and has a significant presence in the Australian market.
YTD Price Performance: -10.45%
Average Trading Volume: 520,206
Technical Sentiment Signal: Hold
Current Market Cap: A$1.57B
See more data about MFG stock on TipRanks’ Stock Analysis page.