tiprankstipranks
Trending News
More News >

Magellan Financial Group Updates Share Buy-Back Program

Story Highlights
Magellan Financial Group Updates Share Buy-Back Program

Confident Investing Starts Here:

Magellan Financial Group Ltd ( (AU:MFG) ) has provided an update.

Magellan Financial Group Ltd has announced an update on its ongoing share buy-back program. As of June 5, 2025, the company reported buying back a total of 12,913,974 securities, with an additional 37,135 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (AU:MFG) stock is a Hold with a A$10.80 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, primarily focusing on investment management. It offers a range of financial products and services, with a market focus on delivering strong investment returns for its clients.

Average Trading Volume: 838,425

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$1.42B

For an in-depth examination of MFG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App