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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program, with a total of 15,338,166 securities bought back before the previous day and an additional 40,000 securities acquired on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares in the market.
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 financial services company that operates primarily in the investment management industry. The company focuses on providing investment solutions and managing funds for a variety of clients, including institutional investors and individual clients.
Average Trading Volume: 562,707
Technical Sentiment Signal: Buy
Current Market Cap: A$1.59B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.