Magellan Financial Group Ltd (ASX: MFG) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
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1 Year Return
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
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Magellan Financial Group Ltd (ASX: MFG)
Latest News
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Magellan share price rises despite fund outflows continuing
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Frequently Asked Questions
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Founded in 2006, Magellan listed on the ASX on 1 July 2004 after taking over the ASX-listed Pengana Managers.
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Yes, Magellan Financial Group historically pays two dividends a year.
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Magellan Financial Group traditionally pays dividends in February/March and August/September.
Dividend Payment History 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| 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.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 20 Sep 2024 | Andrew Formica | Issued | 1,030 | $9,898 |
Issue of securities. 1,030 Matching Awards
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| 20 Sep 2024 | Andrew Formica | Buy | 1,030 | $10,011 |
On-market trade.
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| 20 Aug 2024 | David Dixon | Buy | 3,000 | $30,720 |
On-market trade.
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| 07 Jun 2024 | Hamish McLennan | Sell | 63,948 | $544,517 |
On-market trade.
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| 30 May 2024 | Catherine Kovacs | Buy | 12,400 | $99,448 |
On-market trade.
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| 01 Mar 2024 | Deborah Page AM | Buy | 6,200 | $50,406 |
On-market trade.
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| 21 Dec 2023 | John Eales | Sell | 235,377 | $23,537 |
On-market trade.
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| 21 Dec 2023 | Hamish McLennan | Sell | 70,083 | $7,008 |
On-market trade.
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| 11 Dec 2023 | Deborah Page AM | Sell | 23,323 | $2,332 |
On-market trade.
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Directors & Management 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| Ms Marcia Paulina Venegas | Company Secretary | Mar 2019 |
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| 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.
| 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% |
