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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program. As of the latest notification, the company has bought back a total of 14,360,829 ordinary fully paid securities, including 40,000 bought back on the previous day. This buy-back initiative is part of Magellan’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$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 offers a range of financial products and services, catering to various market segments.
Average Trading Volume: 664,377
Technical Sentiment Signal: Buy
Current Market Cap: A$1.66B
See more insights into MFG stock on TipRanks’ Stock Analysis page.