Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Magellan Financial Group Ltd ( (AU:MFG) ) has provided an announcement.
Magellan Financial Group Limited has announced a daily update on its ongoing on-market buy-back program, where it repurchased 40,000 ordinary fully paid securities on the previous day, adding to a total of 16,178,167 securities bought back to date. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.
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 Limited operates in the financial services industry, primarily focusing on investment management. The company offers a range of investment products and services, catering to both individual and institutional investors, with a strong emphasis on global equity strategies.
Average Trading Volume: 507,298
Technical Sentiment Signal: Buy
Current Market Cap: A$1.64B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.