An update from Magellan Financial Group Ltd ( (AU:MFG) ) is now available.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 14, 2025, the company has repurchased a total of 10,726,800 ordinary fully paid securities, with 123,778 bought back on the previous day alone. This buy-back initiative is part of Magellan’s strategy to optimize 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 services industry, primarily focusing on investment management. It is known for managing global equity and infrastructure strategies, catering to a range of clients including retail and institutional investors.
YTD Price Performance: -39.52%
Average Trading Volume: 565
Technical Sentiment Signal: Strong Buy
Current Market Cap: €698.5M
See more data about MFG stock on TipRanks’ Stock Analysis page.