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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Ltd has announced the issuance of new securities, with 128 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) as of September 5, 2025. This move is part of the company’s ongoing strategy to enhance its market presence and provide additional value to its stakeholders, reflecting its commitment to growth and operational expansion.
The most recent analyst rating on (AU:MFG) stock is a Buy with a A$11.50 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 services. The company is known for managing global equity and infrastructure strategies, catering to a diverse range of clients including institutional investors, retail investors, and high-net-worth individuals.
Average Trading Volume: 702,602
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
Learn more about MFG stock on TipRanks’ Stock Analysis page.