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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.