The latest update is out from Magellan Financial Group Ltd ( (AU:MFG) ).
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest update, the company has repurchased a total of 8,901,205 ordinary fully paid securities, including 100,000 bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is a company operating in the financial services industry, primarily focused on providing investment management services. The company is known for managing global equity and infrastructure strategies for retail and institutional investors.
YTD Price Performance: -30.71%
Average Trading Volume: 921
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €797.5M
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