Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd announced a change in the director’s interest, with Andrew Formica acquiring 168,539 units in the Magellan Global Opportunities Fund – Active ETF. This acquisition reflects a strategic move by the director, potentially signaling confidence in the company’s investment products and future growth prospects.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$8.55 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 prominent player in the financial services industry, primarily focusing on investment management. The company offers a range of investment products, including managed funds and exchange-traded funds (ETFs), catering to both retail and institutional investors.
YTD Price Performance: -2.60%
Average Trading Volume: 627,441
Technical Sentiment Signal: Buy
Current Market Cap: A$1.71B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.