Magellan Financial Group Updates on Market Buy-Back Program

Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an announcement.

Magellan Financial Group Ltd has announced an update on its ongoing on-market buy-back program. As of May 16, 2025, the company has repurchased a total of 12,341,989 ordinary fully paid securities, including 52,011 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and 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 and offering a range of financial products and services. The company is known for its expertise in managing global equity and infrastructure strategies, catering to a diverse client base including institutional investors and retail clients.

Average Trading Volume: 978,137

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.51B

See more insights into MFG stock on TipRanks’ Stock Analysis page.