Magellan Financial Group Continues Strategic Buy-Back Program

Magellan Financial Group Ltd ( (AU:MFG) ) has issued an update.

Magellan Financial Group Ltd has announced an update on its ongoing on-market buy-back program, reporting the purchase of 7,671 ordinary fully paid securities on the previous day. This buy-back initiative, which began in March 2022, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

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 operating in the financial services industry, primarily focusing on investment management. The company is known for its expertise in managing global equity and infrastructure strategies, catering to a diverse range of clients including institutional investors and retail clients.

YTD Price Performance: -20.46%

Average Trading Volume: 976,663

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.48B

See more data about MFG stock on TipRanks’ Stock Analysis page.