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The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd announced the cessation of 160,370 ordinary fully paid securities due to an on-market buy-back, effective June 24, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception, as it reflects efforts to optimize shareholder returns and manage capital efficiently.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.20 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 in the financial services industry, primarily focused on providing investment management services. The company is known for its expertise in managing global equity and infrastructure strategies, catering to a diverse range of clients including retail investors, institutions, and high-net-worth individuals.
YTD Price Performance: -22.04%
Average Trading Volume: 775,361
Technical Sentiment Signal: Sell
Current Market Cap: A$1.44B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.