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An announcement from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd announced the release of 98,438 ordinary fully paid shares from voluntary escrow, effective 23 June 2025. This release will not alter the company’s issued capital, indicating a stable financial position and potentially reassuring stakeholders about the company’s operational consistency.
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 prominent player in the financial services industry, primarily involved in investment management. The company focuses on offering a range of investment solutions to clients, including institutional and retail investors, with a strong emphasis on global equities and infrastructure investments.
Average Trading Volume: 799,899
Technical Sentiment Signal: Sell
Current Market Cap: A$1.49B
See more insights into MFG stock on TipRanks’ Stock Analysis page.