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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.
Magellan Financial Group Limited has issued a daily notification regarding its ongoing on-market share buy-back program, announcing the acquisition of 160,000 shares on the previous trading day. This initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value by managing its share count effectively.
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 Limited operates within the financial services industry, specializing in investment management and offering a range of products focused on global equities and infrastructure. The company primarily serves retail and institutional investors, aiming to deliver long-term investment performance and client-focused solutions.
Average Trading Volume: 493,048
Technical Sentiment Signal: Hold
Current Market Cap: A$1.59B
See more data about MFG stock on TipRanks’ Stock Analysis page.