Magellan Financial Group Updates on Buy-Back Program

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

Magellan Financial Group Ltd has announced an update regarding its ongoing buy-back program, with a daily notification indicating the purchase of 31,893 ordinary fully paid securities on the previous day. This buy-back initiative, which began in March 2022, reflects 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 operates in the financial services industry, focusing on investment management. The company provides a range of financial products and services, primarily targeting institutional and retail investors.

Average Trading Volume: 978,276

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.48B

For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.