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

    Modern accountant woman in a light business suit in modern green office with documents and laptop.
    Financial Shares

    Inflows: Magellan shares spike 7% as institutions pile in

    This follows an update on the company's funds under management (FUM) for June.

    Read more »

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    Share Market News

    Here are the top 10 ASX 200 shares today

    It was a lacklustre day of trading for ASX investors this Thursday.

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    Financial Shares

    Which ASX 200 company director just sold $545,000 in shares?

    We also reveal what brokers are saying about this ASX 200 financials stock.

    Read more »

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    Opinions

    2 top ASX 200 passive income stocks I'd buy now to boost my retirement

    I think both ASX 200 dividend stocks could continue to deliver market-beating passive income.

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    The ASX 200 had a strong start to the trading week this Monday.

    Read more »

    Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
    Financial Shares

    An insider just bought $100,000 of Magellan shares: Should you invest too?

    This insider appears to believe the fund manager's shares are good value after recent weakness.

    Read more »

    A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price
    Financial Shares

    Magellan share price lifts despite April funds outflow

    Magellan lost some ground over the month just gone...

    Read more »

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    Dividend Investing

    Where I'd invest $10,000 in dividend stocks

    Here are a few ASX dividend shares I’d consider buying for income if I had a spare $10,000 hidden under…

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    Dividend Investing

    3 ASX value traps I wouldn't buy for dividends right now

    I'd stay away from these shares if you don't want a nasty dividend surprise.

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    Share Market News

    5 things to watch on the ASX 200 on Monday

    A much better session is expected for Aussie investors today.

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    Dividend Investing

    Shares vs. property: Which Australian states and ASX stocks are delivering the best passive income?

    We reveal the states and territories offering the best rental returns and the stocks offering the highest dividend yields today.

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    It was a happy hump day indeed for ASX shares today.

    Read more »

    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
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    Marcia Paulina Venegas Company Secretary
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    Sophia Rahmani Managing Director - Magellan Asset Management
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    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

    since

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