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Magellan Updates Market on Progress of On-Market Share Buy-Back

Story Highlights
  • Magellan Financial Group continues its on-market buy-back of ordinary shares on the ASX.
  • The company has repurchased over 17.3 million shares to date, tightening capital and potentially supporting shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Magellan Updates Market on Progress of On-Market Share Buy-Back

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

Magellan Financial Group Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program involving its ordinary fully paid shares (ASX: MFG). As of this latest update dated 24 December 2025, the company reports that it has bought back a cumulative total of 17,344,515 shares prior to the previous day, with an additional 160,000 shares repurchased on the previous trading day, reflecting continued execution of the buy-back first notified in March 2022 and indicating ongoing capital management activity that reduces shares on issue and may support earnings per share for remaining investors.

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 Limited is an Australia-based listed investment management firm, with its ordinary fully paid shares traded on the ASX under the code MFG. The company operates in the financial services industry, focusing on funds management and investment products for institutional, adviser and retail clients.

Average Trading Volume: 468,566

Technical Sentiment Signal: Hold

Current Market Cap: A$1.59B

See more insights into MFG stock on TipRanks’ Stock Analysis page.

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