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An update 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 of ordinary fully paid securities. As of June 16, 2025, the company has repurchased a total of 13,258,735 securities, with 46,241 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, focusing on investment management. It provides various financial products and services, primarily targeting institutional and retail investors.
YTD Price Performance: -21.39%
Average Trading Volume: 782,162
Technical Sentiment Signal: Sell
Current Market Cap: A$1.46B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.