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The latest announcement is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 13,525,422 ordinary fully paid securities, with 61,754 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.
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 industry, primarily focusing on investment management services. It is known for managing global equity and infrastructure strategies, catering to a diverse range of clients, including institutional investors and retail investors.
Average Trading Volume: 774,840
Technical Sentiment Signal: Sell
Current Market Cap: A$1.44B
See more insights into MFG stock on TipRanks’ Stock Analysis page.
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