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Magellan Financial Group Ltd ( (AU:MFG) ) has provided an announcement.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program, with a total of 14,280,829 securities bought back prior to the previous day and an additional 40,000 securities bought back on the previous day. This buy-back initiative 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$8.65 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 focusing on investment management. It offers a range of investment products and services, catering to both retail and institutional investors.
Average Trading Volume: 665,799
Technical Sentiment Signal: Buy
Current Market Cap: A$1.7B
See more insights into MFG stock on TipRanks’ Stock Analysis page.