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Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd announced the cessation of 40,000 ordinary fully paid securities due to an on-market buy-back, effective September 24, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and indicating a focus on optimizing shareholder returns.
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 is a company in the financial services industry, primarily focusing on investment management. It is known for managing global equity funds and providing financial advisory services, with a market focus on institutional and retail investors.
Average Trading Volume: 691,958
Technical Sentiment Signal: Buy
Current Market Cap: A$1.69B
Find detailed analytics on MFG stock on TipRanks’ Stock Analysis page.