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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.
Magellan Financial Group Ltd announced the issuance of unquoted equity securities as part of its employee incentive schemes. The issuance includes matching awards, an employee equity grant, and a long-term incentive plan, which are not intended to be quoted on the ASX. This move is likely aimed at enhancing employee retention and motivation, potentially impacting the company’s operational efficiency and market competitiveness.
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 financial services company that specializes in investment management. The company offers a range of financial products and services, focusing primarily on global equities and infrastructure funds, catering to both retail and institutional investors.
Average Trading Volume: 561,252
Technical Sentiment Signal: Hold
Current Market Cap: A$1.62B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.