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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. As of April 9, 2025, the company has repurchased a total of 10,301,205 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 optimize 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. It primarily focuses on providing investment management services and is listed on the Australian Securities Exchange under the code MFG.
YTD Price Performance: -46.14%
Average Trading Volume: 596
Technical Sentiment Signal: Strong Buy
Current Market Cap: €678.8M
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.