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Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an announcement.
Magellan Financial Group Ltd has announced an update on its ongoing share buy-back program, with a total of 40,000 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 16,058,167 securities repurchased. This buy-back initiative is part of the company’s strategy to manage 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 operates in the financial services industry, primarily focusing on investment management. The company offers a range of investment products and services, catering to both individual and institutional investors.
YTD Price Performance: -7.25%
Average Trading Volume: 512,087
Technical Sentiment Signal: Hold
Current Market Cap: A$1.62B
See more data about MFG stock on TipRanks’ Stock Analysis page.