Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 10,101,205 ordinary fully paid securities, with 100,000 shares 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 operates in the financial services industry, focusing primarily on asset management. The company provides investment management services, catering to a diverse range of clients, including institutional investors and retail clients, with a market focus on delivering sustainable and long-term investment returns.
YTD Price Performance: -33.85%
Average Trading Volume: 621
Technical Sentiment Signal: Strong Buy
Current Market Cap: €682M
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