Magellan Financial Group Updates on Ongoing Share Buy-Back Program

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

Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of May 22, 2025, the company has bought back a total of 12,433,973 ordinary fully paid securities, including 44,516 shares acquired on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in the company’s financial health.

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 focused on investment management. The company offers a range of investment products and services, catering to both individual and institutional investors, with a strong emphasis on global equity and infrastructure strategies.

Average Trading Volume: 919,308

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.46B

Learn more about MFG stock on TipRanks’ Stock Analysis page.