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Magellan Financial Group Updates on Buy-Back Progress

Story Highlights
  • Magellan Financial Group Ltd focuses on investment management in the financial services industry.
  • The company has repurchased 12,913,974 securities as part of its buy-back strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Magellan Financial Group Updates on Buy-Back Progress

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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.

Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of June 4, 2025, the company has repurchased a total of 12,913,974 securities, with 51,669 bought back 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$8.20 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. The company is known for managing global equity and infrastructure strategies for retail and institutional investors.

Average Trading Volume: 847,017

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.42B

See more data about MFG stock on TipRanks’ Stock Analysis page.

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