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The latest announcement is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd has announced the cessation of 40,000 ordinary fully paid securities due to an on-market buy-back, effective November 6, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market positioning by reducing the number of shares outstanding, which may benefit existing shareholders.
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 prominent entity in the financial services industry, primarily focusing on investment management. The company is known for managing global equity and infrastructure strategies, catering to a diverse range of clients including institutional investors and individuals.
Average Trading Volume: 564,146
Technical Sentiment Signal: Buy
Current Market Cap: A$1.65B
For an in-depth examination of MFG stock, go to TipRanks’ Overview page.