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The latest announcement is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd announced an update on its ongoing buy-back program, revealing that a total of 10,101,205 ordinary fully paid securities have been bought back before the previous day, with an additional 100,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure, potentially impacting its market positioning and shareholder value.
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 various market segments.
YTD Price Performance: -33.86%
Average Trading Volume: 621
Technical Sentiment Signal: Strong Buy
Current Market Cap: €678.1M
For an in-depth examination of MFG stock, go to TipRanks’ Stock Analysis page.