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Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd and its related entities have notified Amotiv Limited that they have ceased to be a substantial holder in the company as of 29 January 2026, indicating that their voting interest has fallen below the substantial holding threshold. The change, formally lodged under section 671B of the Corporations Act, signals a reduction in Magellan’s exposure to Amotiv and may slightly alter the share register and voting dynamics of Amotiv, though no new associates or changes in association were disclosed.
The most recent analyst rating on (AU:MFG) stock is a Buy with a A$9.50 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 an Australian-listed investment management company that operates through related bodies corporate to manage funds and investment portfolios for institutional and retail clients. The group focuses on listed securities and other financial assets, actively managing stakes in various companies as part of its broader funds management and investment strategy.
YTD Price Performance: -12.53%
Average Trading Volume: 475,051
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.46B
Learn more about MFG stock on TipRanks’ Stock Analysis page.