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The latest announcement 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 notification, the company has repurchased a total of 15,138,166 ordinary fully paid securities, including 40,000 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to enhance shareholder value and optimize its capital structure.
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 company operating in the financial services industry, primarily focusing on investment management. The company is known for managing global equity and infrastructure strategies for retail and institutional investors.
YTD Price Performance: -6.86%
Average Trading Volume: 563,861
Technical Sentiment Signal: Hold
Current Market Cap: A$1.63B
Find detailed analytics on MFG stock on TipRanks’ Stock Analysis page.