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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. The company reported that it has bought back a total of 15,898,167 securities before the previous day and an additional 40,000 securities 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 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. It offers a range of investment products and services, catering to both individual and institutional investors.
YTD Price Performance: -7.93%
Average Trading Volume: 514,262
Technical Sentiment Signal: Hold
Current Market Cap: A$1.61B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.