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An update from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of June 23, 2025, the company has repurchased a total of 13,685,792 ordinary fully paid securities, including 160,370 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to optimize 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 is a company operating in the financial services industry, primarily focused on investment management. It offers a range of investment products and services, targeting both retail and institutional investors.
YTD Price Performance: -22.04%
Average Trading Volume: 775,361
Technical Sentiment Signal: Sell
Current Market Cap: A$1.44B
Learn more about MFG stock on TipRanks’ Stock Analysis page.