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Magellan Financial Group Updates on Buy-Back Program

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Magellan Financial Group Updates on Buy-Back Program

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

Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 12,165,408 ordinary fully paid securities, with 83,794 purchased on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.

More about Magellan Financial Group Ltd

Magellan Financial Group Ltd is a company operating in the financial services industry, primarily focusing on investment management. They offer a range of financial products and services, including managed funds and investment strategies, catering to both retail and institutional investors.

Average Trading Volume: 968,172

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.38B

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

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