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Magellan Financial Group Ltd ( (AU:MFG) ) has shared an update.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program. As of May 21, 2025, the company has repurchased a total of 12,389,457 ordinary fully paid securities, including 7,904 shares 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$8.20 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 primarily involved in investment management. It focuses on providing investment solutions to retail and institutional investors, with a market emphasis on global equities and infrastructure.
Average Trading Volume: 941,544
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$1.46B
Learn more about MFG stock on TipRanks’ Stock Analysis page.