Magellan Financial Group Ltd ( (AU:MFG) ) has shared an announcement.
Magellan Financial Group Limited has announced an update regarding its ongoing on-market buy-back program. As of April 22, 2025, the company has bought back a total of 11,226,482 ordinary fully paid securities, with 119,660 purchased on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Magellan Financial Group Ltd
Magellan Financial Group Limited operates in the financial services industry, focusing on investment management. It provides a range of investment products and services, primarily targeting institutional and retail investors.
YTD Price Performance: -36.69%
Average Trading Volume: 422
Technical Sentiment Signal: Strong Buy
Current Market Cap: €724.8M
Learn more about MFG stock on TipRanks’ Stock Analysis page.