The latest announcement is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 9,301,205 of its ordinary fully paid securities, including 100,000 securities bought back 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, focusing on investment management and financial advisory services. It is listed on the Australian Securities Exchange under the code MFG.
YTD Price Performance: -30.08%
Average Trading Volume: 914
Technical Sentiment Signal: Strong Buy
Current Market Cap: €798.5M
See more data about MFG stock on TipRanks’ Stock Analysis page.