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Director Increases Stake in Magellan Financial Group

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Director Increases Stake in Magellan Financial Group

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

Magellan Financial Group Ltd has announced a change in the director’s interest notice, with Director David Dixon acquiring 3,000 additional ordinary fully paid shares, bringing his total holdings to 8,000 shares. This on-market purchase reflects a continued commitment to the company, potentially signaling confidence in its future performance and stability, which could positively influence stakeholder perceptions.

The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.65 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 operates in the financial services industry, focusing on investment management. The company offers a range of investment products and services, primarily targeting institutional and retail investors.

Average Trading Volume: 667,112

Technical Sentiment Signal: Buy

Current Market Cap: A$1.66B

For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.

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