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.
Magellan Financial Group Ltd ( (AU:MFG) ) just unveiled an update.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of October 3, 2025, the company reported buying back a total of 14,560,829 ordinary fully paid securities, including 40,000 on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in the company’s future 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 operates in the financial services industry, primarily focusing on investment management. The company offers a range of investment products and services, catering to both retail and institutional investors, with a strong emphasis on global equity strategies.
Average Trading Volume: 647,003
Technical Sentiment Signal: Buy
Current Market Cap: A$1.66B
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.