Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.
Magellan Financial Group Ltd has announced an update on its ongoing on-market buy-back program, with a total of 16,218,167 securities bought back before the previous day and an additional 123,485 securities bought back on the previous day. This buy-back activity 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 Hold with a A$10.70 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 focused on investment management. It is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 505,273
Technical Sentiment Signal: Buy
Current Market Cap: A$1.65B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.