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

Price

$7.98

Movement

0.13 (+1.66%)

as at 2 May - Closed (20 mins delayed)

52 Week Range

$6.29 - $12.64

 
1 Year Return

-8.06%

Magellan Financial Group Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $1.39 billion
P/E Ratio 6.30
Dividend Yield 7.78%
Shares Outstanding 174.34 million
Earnings per share 1.267
Dividend per share 0.53
Year To Date Return -25.86%
Earnings Yield 15.88%
Franking 85
Share Price

$7.98

Day Change

0.13 (+1.66%)

52 Week Range

$6.29 - $12.64

Yesterday's Close

$7.85

Today's Open

$7.85

Days Range

$7.79 - $8.04

Volume

695,766

Avg. Volume (1 month)

1,078,972

Turnover

$5,540,122

as at 2 May - Closed

Magellan Financial Group Ltd (ASX: MFG)
Latest News

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Frequently Asked Questions

Dividend Payment History Data provided by Morningstar.

Data provided by Morningstar.
Ex-Date Amount Franking Type Payable
25 Feb 2025 $0.2640 85.00% Interim 12 Mar 2025
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
2nd May 2025 2025-05-02T08:31:36 Notification of cessation of securities - MFGYesNo8:31am413k
2nd May 2025 2025-05-02T08:31:26 Update - Notification of buy-back - MFGYesNo8:31am616k
1st May 2025 2025-05-01T08:36:00 Notification of cessation of securities - MFGYesNo8:36am413k
1st May 2025 2025-05-01T08:35:59 Update - Notification of buy-back - MFGYesNo8:35am616k
30th Apr 2025 2025-04-30T09:25:53 Notification of cessation of securities - MFGYesNo9:25am413k
30th Apr 2025 2025-04-30T09:25:38 Update - Notification of buy-back - MFGYesNo9:25am616k
29th Apr 2025 2025-04-29T12:17:47 Change of Director's Interest Notice - John EalesYesNo12:17pm2240k
29th Apr 2025 2025-04-29T08:20:56 Notification of cessation of securities - MFGYesNo8:20am413k
29th Apr 2025 2025-04-29T08:20:46 Update - Notification of buy-back - MFGYesNo8:20am616k
28th Apr 2025 2025-04-28T08:33:19 Update - Notification of buy-back - MFGYesNo8:33am616k

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
02 May 2025 $7.98 $0.13 1.66% 695,766 $7.85 $8.04 $7.79
01 May 2025 $7.85 $0.18 2.35% 701,626 $7.70 $7.91 $7.67
30 Apr 2025 $7.67 $-0.01 -0.13% 1,021,775 $7.73 $7.75 $7.59
29 Apr 2025 $7.68 $0.05 0.66% 1,030,795 $7.60 $7.79 $7.59
28 Apr 2025 $7.63 $0.00 0.00% 687,907 $7.70 $7.80 $7.58
24 Apr 2025 $7.63 $0.09 1.19% 732,455 $7.60 $7.72 $7.52
23 Apr 2025 $7.54 $0.37 5.16% 717,135 $7.42 $7.59 $7.37
22 Apr 2025 $7.17 $-0.25 -3.37% 728,023 $7.30 $7.36 $7.12
17 Apr 2025 $7.42 $0.08 1.09% 665,367 $7.34 $7.45 $7.29
16 Apr 2025 $7.34 $0.12 1.66% 780,364 $7.21 $7.36 $7.16
15 Apr 2025 $7.22 $-0.02 -0.28% 1,097,095 $7.31 $7.40 $7.20
14 Apr 2025 $7.24 $0.00 0.00% 651,312 $7.30 $7.34 $7.19
11 Apr 2025 $7.24 $-0.03 -0.41% 923,802 $7.10 $7.26 $7.00
10 Apr 2025 $7.27 $0.28 4.01% 1,031,610 $7.70 $7.70 $7.23
09 Apr 2025 $6.99 $0.03 0.43% 2,183,173 $6.72 $7.02 $6.72
08 Apr 2025 $6.96 $0.51 7.91% 1,975,337 $6.70 $6.96 $6.60
07 Apr 2025 $6.45 $-0.62 -8.77% 2,302,536 $6.62 $6.66 $6.29
04 Apr 2025 $7.07 $-0.45 -5.98% 1,279,022 $7.15 $7.48 $7.01
03 Apr 2025 $7.52 $-0.04 -0.53% 1,326,340 $7.33 $7.68 $7.32

Director Transactions Data provided by Morningstar.

Data provided by Morningstar.
Date Director Type Amount Value Notes
21 Feb 2025 Andrew Formica Buy 10,750 $96,535
On-market trade.
20 Sep 2024 Andrew Formica Buy 1,030 $10,011
On-market trade.
20 Sep 2024 Andrew Formica Issued 1,030 $9,898
Issue of securities. 1,030 Matching Awards
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.

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 Sophia Rahmani Non-Executive Director Mar 2025
--
Ms Emilie Cameron Company Secretary Nov 2024
-
Kirsten Morton Chief Financial Officer and Chief Operating Officer
-
Emilie Cameron 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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