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Magellan Financial Group Ltd ( (AU:MFG) ) has issued an update.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest notification, the company has bought back a total of 15,298,166 securities, with 40,000 purchased on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.65 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, focusing on investment management and related services. It is known for managing global equity and infrastructure strategies for retail and institutional investors.
YTD Price Performance: -9.48%
Average Trading Volume: 565,958
Technical Sentiment Signal: Hold
Current Market Cap: A$1.59B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.