Magellan Financial Group Ltd (ASX: MFG) Share Price and News

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Magellan Financial Group Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $1.84 billion
P/E Ratio 7.55
Dividend Yield 6.54%
Shares Outstanding 178.84 million
Earnings per share 1.318
Dividend per share 0.65
Year To Date Return 2.49%
Earnings Yield 13.25%
Franking 50
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as at 24 Feb 3:44pm

  • Magellan Financial Group Ltd (ASX: MFG)
    Latest News

    three businessmen high five each other outside an office building with graphic images of graphs and metrics superimposed on the shot.
    Share Gainers

    Why Latin Resources, Magellan, Pro Medicus, and Telstra shares are pushing higher today

    These shares are catching the eye with strong gains on Thursday. But why?

    Read more »

    A female financial services professional with a manicured black afro hairstyle turns an ipad screen to show a client across the table a set of ASX shares figures in graph format.
    Earnings Results

    Magellan share price rallies hard on 31% profit jump in FY24

    Investors are nabbing up shares after the full-year numbers.

    Read more »

    A businessman compares the growth trajectory of property versus shares.
    Share Market News

    How ASX shares vs. property performed in July

    Strong growth for the ASX 200 contrasted with a moderate gain in the national property value.

    Read more »

    A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
    Share Gainers

    These were the best performing ASX 200 shares in July

    Why did these shares smash the market last month? Let's find out.

    Read more »

    A young man wearing glasses writes down his stock picks in his living room.
    Investing Strategies

    Magellan just bought 3 million more shares of this beaten-up ASX 200 stock

    This fundie has been 'buying the dip' with a vengeance.

    Read more »

    Lion roaring in the wild, symbolising a rising Liontown share price.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    ASX investors once again pulled back from record highs today.

    Read more »

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    It was a disappointing end to the trading week today for ASX investors.

    Read more »

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    Share Gainers

    3 high-flying ASX 200 stocks leading the charge into FY 2025

    These three ASX 200 stocks have already surged higher in FY 2025. But why.

    Read more »

    A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today
    Share Gainers

    Why Clinuvel, Guzman y Gomez, Magellan, and Sandfire shares are charging higher

    These shares are ending the week with a bang. But why?

    Read more »

    An unhappy man in a suit sits at his desk with his arms crossed staring at his laptop screen as the PointsBet share price falls
    Financial Shares

    Up 15% in a month: Are Magellan shares still cheap enough to buy?

    The decision is split among brokers – still.

    Read more »

    A woman has a big smile on her face as she gets green paint powder tipped all over her.
    Share Market News

    Here are the top 10 ASX 200 shares today

    Investors were back to buying stocks with a vengeance this Wednesday.

    Read more »

    Two colleagues at work looking at a tablet and smiling at a rising share price.
    Share Gainers

    Why Arafura Rare Earths, Magellan, Metro Mining, and Santos shares are racing higher

    These shares are having a strong session on Thursday. But why?

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    Frequently Asked Questions

    Founded in 2006, Magellan listed on the ASX on 1 July 2004 after taking over the ASX-listed Pengana Managers.

    Yes, Magellan Financial Group historically pays two dividends a year.

    Magellan Financial Group traditionally pays dividends in February/March and August/September.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    20 Aug 2024 $0.3570 50.00% Final 04 Sep 2024
    20 Feb 2024 $0.2940 50.00% Interim 06 Mar 2024
    23 Aug 2023 $0.3000 85.00% Special Cash 07 Sep 2023
    23 Aug 2023 $0.3980 85.00% Final 07 Sep 2023
    21 Feb 2023 $0.4690 85.01% Interim 08 Mar 2023
    22 Aug 2022 $0.6890 80.00% Final 06 Sep 2022
    23 Feb 2022 $1.1010 75.00% Interim 08 Mar 2022
    23 Aug 2021 $1.1410 75.00% Final 23 Sep 2021
    16 Feb 2021 $0.9710 75.01% Interim 25 Feb 2021
    17 Aug 2020 $1.2200 75.00% Final 26 Aug 2020
    18 Feb 2020 $0.9290 75.01% Interim 27 Feb 2020
    16 Aug 2019 $1.1140 75.00% Final 29 Aug 2019
    19 Feb 2019 $0.7380 75.00% Interim 28 Feb 2019
    14 Aug 2018 $0.9000 100.00% Final 27 Aug 2018
    09 Feb 2018 $0.4450 100.00% Interim 20 Feb 2018
    21 Feb 2017 $0.3840 100.00% Interim 02 Mar 2017
    17 Aug 2016 $0.3800 100.00% Final 26 Aug 2016
    23 Feb 2016 $0.5130 100.00% Interim 04 Mar 2016
    17 Aug 2015 $0.3780 100.00% Final 26 Aug 2015

    MFG ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Magellan Financial Group Ltd

    Magellan Financial Group (ASX: MFG) is an Australian-based funds manager investing in global equities and global listed infrastructure.

    Founded in 2006, the group gained an international reputation on the back of its successful investments, attracting global as well as Australian investors.

    Coinciding with management changes, the fund's performance has slipped in recent years, seeing it underperform many of its peers. This has resulted in a significant outflow of funds under management as well as a steep decline in Magellan's share price.

    MFG Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    13 Nov 2024 $10.11 $-0.51 -4.80% 719,313 $10.21 $10.39 $10.07
    12 Nov 2024 $10.62 $0.22 2.12% 412,448 $10.40 $10.64 $10.40
    11 Nov 2024 $10.40 $-0.28 -2.62% 257,272 $10.60 $10.60 $10.37
    08 Nov 2024 $10.68 $0.09 0.85% 450,949 $10.69 $10.85 $10.67
    07 Nov 2024 $10.59 $0.42 4.13% 1,272,158 $10.54 $10.63 $10.45
    06 Nov 2024 $10.17 $-0.17 -1.64% 803,874 $10.51 $10.52 $10.02
    05 Nov 2024 $10.34 $-0.28 -2.64% 362,119 $10.52 $10.53 $10.29
    04 Nov 2024 $10.62 $-0.02 -0.19% 311,834 $10.75 $10.78 $10.60
    01 Nov 2024 $10.64 $-0.12 -1.12% 318,827 $10.67 $10.74 $10.54
    31 Oct 2024 $10.76 $0.16 1.51% 968,417 $10.55 $10.85 $10.40
    30 Oct 2024 $10.60 $-0.29 -2.66% 1,289,056 $10.89 $10.89 $10.42
    29 Oct 2024 $10.89 $-0.16 -1.45% 627,460 $10.80 $10.93 $10.66
    28 Oct 2024 $11.05 $0.05 0.45% 614,925 $10.98 $11.05 $10.85
    25 Oct 2024 $11.00 $-0.19 -1.70% 619,769 $11.17 $11.32 $10.95
    24 Oct 2024 $11.19 $-0.17 -1.50% 498,098 $11.36 $11.36 $11.16
    23 Oct 2024 $11.36 $0.21 1.88% 470,359 $11.20 $11.40 $11.18
    22 Oct 2024 $11.15 $-0.30 -2.62% 432,351 $11.32 $11.41 $11.15
    21 Oct 2024 $11.45 $0.19 1.69% 618,844 $11.32 $11.50 $11.28
    18 Oct 2024 $11.26 $0.03 0.27% 637,479 $11.23 $11.28 $11.05
    17 Oct 2024 $11.23 $0.45 4.17% 1,130,373 $10.98 $11.29 $10.94
    16 Oct 2024 $10.78 $-0.01 -0.09% 554,205 $10.73 $10.84 $10.61
    15 Oct 2024 $10.79 $0.37 3.55% 796,504 $10.45 $10.82 $10.40

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    20 Sep 2024 Andrew Formica Issued 1,030 $9,898
    Issue of securities. 1,030 Matching Awards
    20 Sep 2024 Andrew Formica Buy 1,030 $10,011
    On-market trade.
    20 Aug 2024 David Dixon Buy 3,000 $30,720
    On-market trade.
    07 Jun 2024 Hamish McLennan Sell 63,948 $544,517
    On-market trade.
    30 May 2024 Catherine Kovacs Buy 12,400 $99,448
    On-market trade.
    01 Mar 2024 Deborah Page AM Buy 6,200 $50,406
    On-market trade.
    21 Dec 2023 John Eales Sell 235,377 $23,537
    On-market trade.
    21 Dec 2023 Hamish McLennan Sell 70,083 $7,008
    On-market trade.
    11 Dec 2023 Deborah Page AM Sell 23,323 $2,332
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr David Dixon Non-Executive Deputy ChairmanNon-Executive Director Dec 2022
    Mr Dixon has over 30 years of experience in leading and growing investment businesses within the funds management industry. He has experience as a senior investment leader, board trustee and director of companies. From 2013 to 2020, David was Chief Investment Officer, Equities at First Sentier Investors (formerly Colonial First State Global Asset Management). In this role, David was responsible for the Australian based equity teams managing domestic and international equities. He also was responsible for the global equities dealing teams in Australia and overseas. He is also a Member of the Risk Committee.
    Mrs Deborah Page AM Non-Executive Director Oct 2023
    Ms Page is a chair and company director with industry experience spanning various private, public sector and regulated entities including in the funds management, property, utilities, insurance, technology and renewables sectors. She is currently a Non-Executive Director of Brickworks Limited (appointed July 2014) and The Star Entertainment Group Limited (appointed March 2023). She was previously Non-Executive Director of Pendal Group Limited (April 2014 to January 2023 and Chairman from January 2022), Service Stream Limited (September 2010 to April 2023), GBST Holdings Limited and Investa Property Group. She is Chair of the Risk Committee and member of the Remuneration & Nominations Committee.
    Mr John Anthony Eales Non-Executive Director Jul 2017
    Mr Eales has served as an executive, adviser, director and investor in several listed and unlisted private organizations. John co-founded the Mettle Group in 2003 - a corporate consultancy which was acquired by Chandler Macleod in 2007. John is currently Chairman of Trajan Group (since March 2021) and serves on the Boards of Flight Centre Travel Group (since September 2012) and FUJIFILM Data Management Solutions Pty Ltd. He continues to serve as a consultant to some Australian and international companies. He is a member of the Risk Committee.
    Mr Andrew James Formica Executive ChairmanExecutive Director Jul 2023
    Mr Formica has 30 years of experience in leading and growing investment businesses within the funds management industry globally, 14 years of which were as CEO. Most recently, Andrew was CEO and Director of Jupiter Asset Management plc, where he served from March 2019 to September 2022. Prior to this, Andrew was Co-CEO of Janus Henderson Group plc, and prior was the Chief Executive and a Board member of Henderson Group plc from 2008 before the merger with Janus Capital in 2017. Andrew was at Henderson and its prior business from 1993 and held various senior roles, including Joint Managing Director of Henderson's Listed Assets business (from September 2006) and Head of Equities. In the early part of his career, Andrew was an equities portfolio manager and analyst for AMPAM and Henderson.
    Ms Catherine Louise Kovacs Non-Executive Director Nov 2023
    Ms Kovacs is a company director and financial services professional, currently serving on the boards of private and not for profit companies. She is a Non-Executive Director of wealth tech HUB24 (appointed July 2021), international payments provider OFX (appointed February 2021), Universities Admission Centre (UAC) for ACT and NSW, and lendtech Grapple Holdings Limited. Cathy has 30 years of broad experience across the financial services sector including senior leadership roles at BT Investment Bank, Macquarie Group, Ellerston Capital and Westpac Banking Group. She is also a Member of the Risk Committee and the Remuneration & Nominations Committee.
    Ms Marcia Paulina Venegas Company Secretary Mar 2019
    -
    Kirsten Morton Chief Financial Officer and Chief Operating Officer
    -
    Marcia Paulina Venegas Company Secretary
    -
    Sophia Rahmani Managing Director - Magellan Asset Management
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 38,883,499 21.51%
    Citicorp Nominees Pty Limited 26,769,137 14.81%
    JP Morgan Nominees Australia Pty Limited 20,306,942 11.24%
    Netwealth Investments Limited Wrap Services 3,770,432 2.09%
    National Nominees Limited 2,388,425 1.32%
    Mr David Doyle 1,500,000 0.83%
    BNP Paribas Nominees Pty Ltd Agency Lending 1,486,723 0.82%
    BNP Paribas Nominees Pty Ltd 1,459,328 0.81%
    ACE Property Holdings Pty Ltd 1,370,000 0.76%
    Merrill Lynch (Australia) Nominees Pty Limited 1,208,957 0.67%
    Aljamat Pty Ltd C & D Baer Family 1,150,000 0.64%
    Jash Pty Limited 891,030 0.49%
    BNP Paribas Nominees Pty Ltd IB AU Noms Retailclient 854,970 0.47%
    UBS Nominees Pty Ltd 775,532 0.43%
    IOOF Investment Services Limited IPS Superfund 698,897 0.39%
    Glenn Hargraves Investments Pty Ltd 650,000 0.36%
    BNP Paribas Nominees Pty Ltd Barclays 611,086 0.34%
    BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd 585,562 0.32%
    Citicorp Nominees Pty Limited Colonial First State Inv 456,459 0.25%
    Mr Frank Casarotti 450,000 0.24%

    Profile

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