Magellan Financial Group Ltd (AU:MFG) has released an update.
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Magellan Financial Group Limited has been actively purchasing its own shares, with a total of 76,058 ordinary shares bought back on the previous day, adding to the 6,749,035 shares previously acquired. This buy-back is part of an ongoing effort to reduce the number of shares on the market, as detailed in their latest update on September 20, 2024. The buy-back activity is a clear signal that the company is investing in itself, which could be of interest to current and potential investors.
For further insights into AU:MFG stock, check out TipRanks’ Stock Analysis page.
