TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.
Magellan Financial Group Ltd has announced the cessation of 40,000 ordinary fully paid securities due to an on-market buy-back, effective November 28, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling a focus on optimizing shareholder returns.
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 company operating in the financial services industry, primarily focusing on investment management. It provides a range of investment products and services, catering to both individual and institutional investors, with a market focus on delivering superior long-term returns.
Average Trading Volume: 510,217
Technical Sentiment Signal: Hold
Current Market Cap: A$1.58B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.