An announcement from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 2, 2025, the company has repurchased a total of 9,801,205 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 manage 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, primarily focusing on investment management services. The company is known for managing global equity funds and has a significant presence in the Australian market.
YTD Price Performance: -29.13%
Average Trading Volume: 621
Technical Sentiment Signal: Strong Buy
Current Market Cap: €775.7M
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.