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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, revealing that a total of 79,337 ordinary fully paid securities were bought back on the previous day, bringing the total to 11,841,630. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.
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 solutions and services, catering to both individual and institutional investors.
YTD Price Performance: -33.86%
Average Trading Volume: 551
Technical Sentiment Signal: Strong Buy
Current Market Cap: €753.2M
Learn more about MFG stock on TipRanks’ Stock Analysis page.
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