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Magellan Financial Group Ltd ( (AU:MFG) ) has issued an announcement.
Magellan Financial Group Ltd announced the cessation of 1,641 ordinary fully paid securities due to an on-market buy-back, effective October 24, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception by reducing the number of outstanding shares.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$7.85 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 and related financial products. The company is listed on the Australian Securities Exchange under the code MFG.
Average Trading Volume: 614,263
Technical Sentiment Signal: Buy
Current Market Cap: A$1.76B
See more data about MFG stock on TipRanks’ Stock Analysis page.