An update from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 9,201,205 ordinary fully paid securities, including 100,000 bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
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 a range of global equity, infrastructure, and sustainable investment strategies, catering to both institutional and retail investors.
YTD Price Performance: -30.08%
Average Trading Volume: 914
Technical Sentiment Signal: Strong Buy
Current Market Cap: €798.5M
Learn more about MFG stock on TipRanks’ Stock Analysis page.