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Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd has announced a daily update on its ongoing on-market buy-back program, revealing that a total of 45,495 ordinary fully paid securities were bought back on the previous day, adding to the cumulative total of 14,029,665 securities repurchased. This buy-back initiative 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 focused on investment management. It is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 795,504
Technical Sentiment Signal: Sell
Current Market Cap: A$1.44B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.