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Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.
Magellan Financial Group Limited has cancelled 160,000 ordinary fully paid shares as part of an on-market share buy-back, effective 23 December 2025. The reduction in issued capital through this buy-back may marginally enhance earnings per share and signals ongoing capital management efforts that could be viewed positively by investors monitoring the company’s balance sheet efficiency and 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 Limited is an Australian-listed company operating in the financial services industry, primarily focused on funds management and investment services. It offers investment products to institutional, retail, and high-net-worth clients, with its shares traded on the ASX under the code MFG.
YTD Price Performance: -8.22%
Average Trading Volume: 469,780
Technical Sentiment Signal: Hold
Current Market Cap: A$1.59B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.