Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an announcement.
Magellan Financial Group Ltd has announced a daily update on its ongoing on-market buy-back program. The company reported that it bought back 100,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 8,501,205. 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 sector, primarily focusing on investment management services. It is known for managing global equity and infrastructure strategies, catering to both retail and institutional investors.
YTD Price Performance: -32.27%
Average Trading Volume: 921
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €787.2M
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