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Magellan Financial Group Ltd ( (AU:MFG) ) has issued an update.
Magellan Financial Group Ltd announced the cessation of 40,000 ordinary fully paid securities due to an on-market buy-back, effective November 13, 2025. This move is part of the company’s capital management strategy, potentially impacting its market position by reducing the number of shares outstanding, which could influence shareholder value and market perception.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.65 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 is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 562,707
Technical Sentiment Signal: Buy
Current Market Cap: A$1.59B
See more insights into MFG stock on TipRanks’ Stock Analysis page.