Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Ltd has announced its intention to resume its on-market share buy-back program, considering the current market price of its shares as an appropriate capital deployment strategy. The company maintains a strong capital position and aims to enhance long-term shareholder value through this initiative, with a maximum of 3,066,413 shares available for repurchase under the program. The decision reflects MFG’s commitment to adapting to business and market conditions, and the company retains the flexibility to modify or terminate the program as needed.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is a specialist financial services company based in Sydney, Australia, established in 2006. It operates primarily through its subsidiary, Magellan Asset Management Limited, managing approximately $39.1 billion in assets as of January 2025. The company focuses on global equities, global listed infrastructure, and Australian equities strategies, catering to retail, high net worth, and institutional investors. MFG is listed on the Australian Securities Exchange and has strategic partnerships with Barrenjoey Capital Partners, Vinva Investment Management, and FinClear.
YTD Price Performance: -25.66%
Average Trading Volume: 825
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €858.6M
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