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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.
Magellan Financial Group Ltd has announced an update on its ongoing on-market share buy-back program. As of the latest notification, the company has repurchased a total of 14,656,094 ordinary fully paid shares, including 27,139 shares bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to optimize 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 operating in the financial services industry, primarily focusing on investment management. It is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 619,889
Technical Sentiment Signal: Buy
Current Market Cap: A$1.7B
See more insights into MFG stock on TipRanks’ Stock Analysis page.