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The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest announcement, the company has bought back a total of 14,696,094 ordinary fully paid securities, with 20,000 of those purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:MFG) stock is a Sell with a A$7.65 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 company in the financial industry, primarily focused on providing investment management services. It is known for managing global equity and infrastructure strategies for retail and institutional investors.
Average Trading Volume: 613,681
Technical Sentiment Signal: Buy
Current Market Cap: A$1.74B
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.