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An announcement from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Limited has announced an update regarding its ongoing share buy-back program. As of the latest notification, the company has repurchased a total of 15,098,166 ordinary fully paid securities, with 40,000 bought back 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 future prospects.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.65 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 Limited operates in the financial services industry, focusing on investment management. The company provides a range of investment products and services, primarily targeting institutional and retail investors.
YTD Price Performance: -6.86%
Average Trading Volume: 563,861
Technical Sentiment Signal: Hold
Current Market Cap: A$1.63B
See more insights into MFG stock on TipRanks’ Stock Analysis page.