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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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