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Magellan Financial Group Ltd
(Sydney:MFG)
Magellan Financial Group Ltd (MFG) vs. S&P 500 (SPY)
Magellan Financial Group Ltd Business Overview & Revenue Model
Magellan Financial Group Ltd Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 432.68M | 381.15M | 669.43M | 699.07M | 686.86M | Gross Profit |
| 359.91M | 332.18M | 639.05M | 449.26M | 605.13M | EBIT |
| 266.87M | 267.95M | 436.60M | 378.42M | 513.80M | EBITDA |
| 332.90M | 273.99M | 443.75M | 385.49M | 520.90M | Net Income Common Stockholders |
| 238.76M | 182.66M | 383.01M | 265.16M | 396.21M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 322.57M | 375.11M | 421.57M | 213.23M | 437.51M | Total Assets |
| 1.09B | 1.20B | 1.24B | 1.22B | 1.13B | Total Debt |
| 7.61M | 10.17M | 12.55M | 171.69M | 17.29M | Net Debt |
| -314.96M | -363.27M | -407.37M | -39.88M | -420.23M | Total Liabilities |
| 69.72M | 236.47M | 214.64M | 226.73M | 85.95M | Stockholders Equity |
| 1.02B | 962.50M | 1.03B | 989.43M | 1.05B |
| Cash Flow | Free Cash Flow | |||
| 46.93M | 186.47M | 434.37M | 401.06M | 397.77M | Operating Cash Flow |
| 47.38M | 186.58M | 434.63M | 401.33M | 398.03M | Investing Cash Flow |
| 81.23M | 16.47M | 134.75M | -221.58M | -63.39M | Financing Cash Flow |
| -179.54M | -250.61M | -364.94M | -400.52M | -94.60M |
Magellan Financial Group Ltd Technical Analysis
Magellan Financial Group Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $833.14M | 3.33 | 25.43% | 2.63% | 29.09% | 860.64% | |
73 Outperform | €1.32B | 6.02 | 23.27% | 9.14% | -9.29% | 12.94% | |
70 Outperform | $4.88B | 33.36 | 3.85% | 6.05% | 17.95% | -34.24% | |
63 Neutral | $12.33B | 9.59 | 8.02% | 79.26% | 12.87% | -4.61% | |
55 Neutral | €1.96B | ― | -24.47% | 8.28% | 5.36% | -846.00% | |
44 Neutral | $3.06B | 17.07 | 4.84% | 1.80% | 19.36% | 1261.54% |
Magellan Financial Group Ltd Corporate Events
Magellan Financial Group Ltd announced the cessation of 87,523 ordinary fully paid securities due to an on-market buy-back, effective April 28, 2025. This strategic move is part of the company’s capital management initiatives, potentially impacting its share value and signaling confidence in its financial position to stakeholders.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 24, 2025, the company has bought back a total of 11,437,749 ordinary fully paid securities, including 87,523 securities purchased on the previous day. This buy-back initiative is part of Magellan’s strategy to optimize its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced the cessation of 123,744 ordinary fully paid securities through an on-market buy-back, effective April 24, 2025. This move is part of the company’s capital management strategy, potentially impacting its share capital structure and signaling a focus on optimizing shareholder value.
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.
Magellan Financial Group Ltd has announced the cessation of 135,589 ordinary fully paid securities due to an on-market buy-back, effective April 18, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling confidence in its financial position, which may reassure stakeholders about the company’s future prospects.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program, with a daily notification of the number of securities bought back. The company reported buying back 135,589 ordinary fully paid securities on the previous day, adding to a total of 10,971,233 securities repurchased before that day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced the cessation of 188,899 ordinary fully paid securities due to an on-market buy-back, effective April 17, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market positioning by reducing the number of shares in circulation, which can enhance shareholder value.
Magellan Financial Group Ltd has announced a daily update on its ongoing on-market buy-back program, revealing the acquisition of 188,899 ordinary fully paid shares on the previous day. This buy-back initiative reflects the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced the cessation of 55,534 ordinary fully paid securities due to an on-market buy-back, effective April 16, 2025. This move is part of the company’s capital management strategy and may impact its market positioning by potentially increasing the value of remaining shares, thus benefiting shareholders.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program. As of April 15, 2025, the company has repurchased a total of 10,782,334 ordinary fully paid securities, including 55,534 bought back on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 123,778 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s capital management strategy, potentially impacting its market position by improving shareholder value and optimizing its capital structure.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 14, 2025, the company has repurchased a total of 10,726,800 ordinary fully paid securities, with 123,778 bought back on the previous day alone. This buy-back initiative is part of Magellan’s strategy to optimize its capital structure and potentially enhance shareholder value.
Magellan Financial Group Limited announced the cessation of 29,675 ordinary fully paid securities due to an on-market buy-back, effective April 14, 2025. This move is part of the company’s capital management strategy, potentially impacting its share capital structure and signaling a focus on optimizing shareholder value.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 10,573,347 ordinary fully paid securities, with an additional 29,675 securities repurchased on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back. This move is part of the company’s capital management strategy, potentially impacting its market positioning by optimizing its capital structure and returning value to shareholders.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 9, 2025, the company has repurchased a total of 10,301,205 ordinary fully paid securities, including 100,000 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to optimize its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced an update on its ongoing buy-back program, revealing that a total of 10,101,205 ordinary fully paid securities have been bought back before the previous day, with an additional 100,000 securities bought back on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure, potentially impacting its market positioning and shareholder value.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 10,101,205 ordinary fully paid securities, with 100,000 shares bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd reported a decrease in its assets under management (AUM) as of March 31, 2025, with total AUM dropping from A$38.6 billion in February to A$37.5 billion. The decline was due to net outflows of $0.6 billion, consisting of $0.2 billion from retail and $0.4 billion from institutional investors, indicating a challenging period for the company in retaining investor funds.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities as part of an on-market buy-back, effective April 7, 2025. This strategic move is likely to impact the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in its financial stability.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities, with a total of 100,000 securities bought back on the previous day, bringing the cumulative total to 9,901,205. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting its commitment to optimizing financial performance and market positioning.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities, which were cancelled as part of an on-market buy-back. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling a focus on optimizing shareholder returns. The buy-back may reflect the company’s confidence in its current valuation and a strategic decision to enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back as of April 3, 2025. This move is part of the company’s capital management strategy, potentially impacting its share capital structure and signaling a focus on optimizing shareholder value.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of April 2, 2025, the company has repurchased a total of 9,801,205 ordinary fully paid securities, including 100,000 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective April 2, 2025. This move is part of the company’s capital management strategy, potentially impacting its stock liquidity and shareholder value, reflecting a proactive approach to optimizing its capital structure.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program. As of April 1, 2025, the company has repurchased a total of 9,701,205 ordinary fully paid securities, including 100,000 bought back the previous day. This buy-back initiative is part of Magellan’s strategy to optimize its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective April 1, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception, while reflecting a focus on optimizing shareholder returns.
Magellan Financial Group Ltd announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective March 31, 2025. This move reflects the company’s strategy to manage its capital structure, which could potentially impact its market positioning and shareholder value.
Magellan Financial Group Ltd has announced an update on its ongoing share buy-back program, reporting the purchase of 100,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to over 9.3 million. This buy-back initiative is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting a proactive approach in managing its financial resources.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has repurchased a total of 9,301,205 of its ordinary fully paid securities, including 100,000 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities as part of an on-market buy-back initiative. This move reflects the company’s strategic efforts to manage its capital structure effectively, potentially enhancing shareholder value and signaling confidence in its financial position.
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 9,201,205 ordinary fully paid securities, including 100,000 bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective March 25, 2025. This strategic move is part of the company’s capital management efforts, potentially impacting its share value and signaling confidence in its financial stability to stakeholders.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of March 24, 2025, the company has repurchased a total of 9,101,205 ordinary fully paid securities, including 100,000 securities bought back on the previous day. This buy-back initiative reflects Magellan’s strategic efforts to optimize its capital structure and enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective from March 21, 2025. This strategic move is likely to impact the company’s capital structure, potentially enhancing shareholder value and reflecting confidence in its financial position.
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.
Magellan Financial Group Ltd has announced an update on its ongoing on-market buy-back program, with a total of 8,801,205 ordinary fully paid securities bought back to date, including 100,000 on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting its commitment to efficient capital management.
Magellan Financial Group Ltd has announced that it has ceased to be a substantial holder in Tabcorp Holdings Limited as of March 14, 2025. This change in holding status may impact Magellan’s investment strategy and portfolio management, as well as influence its market positioning within the financial services industry.
Magellan Financial Group Ltd announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective March 19, 2025. This move is part of the company’s capital management strategy, potentially impacting its share capital structure and signaling a focus on optimizing shareholder value.
Magellan Financial Group Ltd has announced an update regarding its ongoing share buy-back program, with a total of 8,701,205 ordinary fully paid securities repurchased so far, including 100,000 on the previous day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and potentially enhance shareholder value, reflecting a proactive approach to managing its financial resources and market positioning.
Magellan Financial Group Ltd has announced the cessation of 100,000 ordinary fully paid securities due to an on-market buy-back, effective March 18, 2025. This move is part of the company’s ongoing capital management strategy, potentially impacting its share capital structure and reflecting its commitment to returning value to shareholders.
Magellan Financial Group Ltd has announced a daily update on its ongoing on-market buy-back program. The company reported that it bought back 100,000 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 8,501,205. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Dimensional Entities, a substantial holder in Magellan Financial Group Ltd, has increased its voting power from 5.001% to 6.040% as of March 13, 2025. This change in voting power signifies a strategic move by Dimensional Entities, potentially impacting Magellan’s governance and decision-making processes, and indicating a vote of confidence in the company’s future prospects.
Magellan Financial Group Ltd has announced the quotation of 8,788 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of March 14, 2025. These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, indicating a strategic move to align employee interests with company performance, potentially enhancing stakeholder value.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest notification, the company has bought back a total of 8,501,205 securities, with 127,821 acquired on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 162,366 ordinary fully paid securities due to an on-market buy-back, effective March 14, 2025. This move is part of the company’s capital management strategy, which may impact its stock liquidity and shareholder value, reflecting a proactive approach in optimizing its capital structure.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of March 13, 2025, the company has repurchased a total of 8,373,384 ordinary fully paid securities, including 162,366 securities 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.
Magellan Financial Group Ltd announced the cessation of 187,010 ordinary fully paid securities due to an on-market buy-back, effective March 13, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling confidence in its financial position, which may influence stakeholders’ perception positively.
Magellan Financial Group Ltd has announced an update on its ongoing on-market buy-back of ordinary fully paid securities. As of March 12, 2025, the company has bought back a total of 8,024,008 securities, with an additional 187,010 securities repurchased on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd has announced the cessation of 123,515 ordinary fully paid securities due to an on-market buy-back, effective March 12, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and signaling a focus on optimizing shareholder returns.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of March 11, 2025, the company has repurchased a total of 7,900,493 ordinary fully paid securities, with an additional 123,515 securities 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.
Magellan Financial Group Ltd announced the cessation of 225,177 ordinary fully paid securities as part of an on-market buy-back, effective March 11, 2025. This move is part of the company’s strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in its financial position.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of March 10, 2025, the company has bought back a total of 7,900,493 ordinary fully paid securities, including 225,177 securities 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.
Magellan Financial Group Ltd has announced the cessation of 237,834 ordinary fully paid securities as part of an on-market buy-back, effective March 7, 2025. This move is part of the company’s capital management strategy, potentially impacting its share value and market perception by reducing the number of shares in circulation, which can be beneficial for existing shareholders.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of March 6, 2025, the company has repurchased a total of 7,516,209 ordinary fully paid securities, including 237,834 securities 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.
Magellan Financial Group Ltd has announced the appointment of Sophia Rahmani as a director, effective March 3, 2025. Rahmani holds significant interests in the company, including 297,083 fully paid ordinary shares and various awards under the Magellan Financial Group Equity Plan. This appointment is expected to strengthen the company’s leadership team and potentially impact its strategic direction, given Rahmani’s vested interests in the company’s securities.
Magellan Financial Group Ltd has announced the cessation of 202,453 of its ordinary fully paid securities due to an on-market buy-back, effective March 6, 2025. This move is likely aimed at optimizing the company’s capital structure and could have implications for its market positioning and shareholder value.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of March 5, 2025, the company has repurchased a total of 7,075,922 securities, with an additional 202,453 securities bought back on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
Magellan Financial Group Ltd announced the cessation of 142,335 ordinary fully paid securities as part of an on-market buy-back program. This move is likely aimed at optimizing the company’s capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing earnings per share.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program, with a total of 6,933,587 securities bought back before the previous day and an additional 142,335 securities 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.
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.
Magellan Financial Group Ltd announced a change in the director’s interest with Andrew Formica acquiring an additional 10,750 ordinary fully paid shares in the company, bringing his total to 51,780 shares. This on-market purchase reflects a continued confidence in the company’s prospects and signifies a potential positive impact on its market perception and stakeholder relations.
Magellan Financial Group Ltd announced its financial results for the six months ending December 2024, and will hold a webcast briefing for analysts and investors. The briefing, led by key executives, aims to discuss the half-year performance and answer queries, with materials available on the ASX platform.
Magellan Financial Group Ltd has released its interim results for the half year ending 31 December 2024. The announcement provides an update on the company’s strategy and capital management, investment management, and strategic partnerships. While detailed financial figures were not provided, the focus on strategic and capital management points to an ongoing effort to optimize operations and strengthen its market position. The leadership transition with Sophia Rahmani as CEO-Elect and Michelle Mutchnik as Interim CFO is also highlighted, indicating a potential shift in the company’s operational strategies.
Magellan Financial Group Ltd announced its interim results for the period ended December 2024, reporting a statutory net profit after tax of $94 million, a 10% decrease from the previous year. Despite stable assets under management at $38.6 billion, the company saw a significant rise in performance fees and earnings from strategic partners, with a 271% increase in after-tax profit from associates. The announcement highlighted the appointment of Ms. Sophia Rahmani as the new CEO and the strategic growth partnerships, including the launch of new equity funds with Vinva. The group’s focus on cost management and strategic growth is aimed at sustaining its position in the competitive Australian financial services market.
Magellan Financial Group Ltd has announced a dividend distribution of AUD 0.264 per share for its shareholders, covering the six-month period ending on December 31, 2024. The record date for the dividend is set for February 26, 2025, with the payment to be made on March 12, 2025, which may positively influence investor sentiment and reflect the company’s stable financial performance.
Magellan Financial Group Ltd has released its interim report for the half year ended 31 December 2024, showing a 5% increase in total revenue to $178.6 million. However, the company experienced a 10% decline in net profit after tax to $94 million, affected by non-recurring, non-cash, or unrealized items. Adjusted net profit after tax also saw a 10% decrease to $84 million. Despite these challenges, the company’s net tangible assets per share improved to $5.17 from $4.59 a year prior. The interim dividend was set at 26.4 cents per share, down from 29.4 cents in the previous period, as the company navigates strategic and financial adjustments.
Magellan Financial Group Ltd has announced the appointment of Dean McGuire as the new Chief Financial Officer, effective March 3, 2025. McGuire brings over 17 years of financial services experience, most recently serving as Interim CFO at GPT Group. His expertise in corporate development and strategic planning is expected to support Magellan’s growth strategy. Current Interim CFO Michelle Mutchnik will resume her role as Deputy CFO upon McGuire’s start. This leadership change is anticipated to strengthen Magellan’s financial management and strategic execution.
Magellan Financial Group Ltd has appointed Sophia Rahmani as its new CEO and Managing Director, effective March 2025, marking the end of a transitional leadership phase. Rahmani, who joined the company in May 2024, has been pivotal in stabilizing operations and forming strategic partnerships, such as with Vinva. As Andrew Formica transitions to Non-Executive Chairman, the company expects continued growth and strengthened client relationships under Rahmani’s leadership, aligning with its focus on excellence and long-term success.
Magellan Financial Group Ltd has issued a notice of change in the interests of a substantial holder. The notice details changes in voting power and relevant interests in the company, particularly involving State Street Corporation and its subsidiaries such as State Street Global Advisors and State Street Bank and Trust Company. The update highlights the management and lending of securities, influencing the company’s voting power distribution and potentially affecting its governance structure.
Magellan Financial Group Ltd reported a slight increase in total funds under management (FUM) as of January 31, 2025, reaching A$39.1 billion, up from A$38.6 billion at the end of December 2024. Both retail and institutional investment flows remained largely unchanged during this period, indicating stability in their operations. This stability in fund flows and currency exchange rates suggests a steady market positioning for Magellan, with implications for consistent performance and investor confidence.
Magellan Financial Group Ltd has announced key indicative dates for its 2025 financial calendar, including the release of half-year and full-year results, interim and final dividend dates, and the annual general meeting. These announcements are crucial for stakeholders to anticipate financial performance and dividends, and to participate in the company’s decision-making processes during the annual general meeting.
Magellan Financial Group Ltd has announced a briefing for its half-year financial results for the period ending 31 December 2024, scheduled for 20 February 2025. The briefing, led by key executives, aims to provide insights into the company’s recent performance, potentially impacting investor perceptions and stakeholder decisions in the financial sector.
Magellan Financial Group Ltd announced significant updates to its executive and investment teams to support its strategic growth ambitions. Key appointments include Emma Pringle as Head of IR and Sustainability, Jen Driscoll as Chief Operating Officer, Simon Barrett as Head of UK and EMEA Distribution, and the upcoming addition of Sam Mosse as Chief Risk Officer. In the investment team, leadership changes include the co-portfolio management of the Magellan Global Fund by Arvid Streimann and Alan Pullen, and Nikki Thomas focusing exclusively on the High Conviction Strategy. The company anticipates further enhancements to its Global Equity Team, ensuring a robust and capable leadership structure to maintain its industry positioning and client satisfaction. Gerald Stack will step down as Head of Investments, remaining with the firm until July 2025 to ensure a smooth transition.
Magellan Financial Group Ltd has become a substantial holder in Waypoint REIT Limited as of January 24, 2025, with a 5% voting power through 33,603,746 fully paid ordinary units. This acquisition signifies Magellan’s strategic move in the real estate investment trust sector, potentially enhancing its influence and diversifying its investment portfolio.