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An announcement from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program, with a total of 15,738,167 securities bought back before the previous day and an additional 40,000 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 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 in the financial services industry, primarily focused on investment management. It offers a range of investment products and services, catering to both retail and institutional clients.
Average Trading Volume: 516,909
Technical Sentiment Signal: Hold
Current Market Cap: A$1.59B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.