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The latest announcement is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd announced the cessation of 93,395 ordinary fully paid securities due to an on-market buy-back, effective December 16, 2025. This move is part of the company’s capital management strategy, which may impact its share value and investor perception by potentially enhancing shareholder value through the reduction of outstanding shares.
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 Ltd is a prominent entity 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: -7.45%
Average Trading Volume: 498,768
Technical Sentiment Signal: Hold
Current Market Cap: A$1.61B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.