Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Limited has announced an update on its ongoing on-market buy-back program, with a total of 14,869,735 securities bought back before the previous day and an additional 1,641 securities purchased on the previous day. This buy-back initiative is part of 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$7.85 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 Limited operates in the financial services industry, focusing on asset management. The company offers investment products and services primarily targeting institutional and retail investors, with a significant market presence in Australia.
Average Trading Volume: 614,263
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
For an in-depth examination of MFG stock, go to TipRanks’ Overview page.