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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 15,818,167 ordinary fully paid securities, with 40,000 purchased on the previous day. This buy-back initiative reflects 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 Hold with a A$10.70 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. The company is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 510,217
Technical Sentiment Signal: Hold
Current Market Cap: A$1.58B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.