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 $2.00 billion
P/E Ratio 8.38
Dividend Yield 5.89%
Shares Outstanding 179.11 million
Earnings per share 1.318
Dividend per share 0.65
Year To Date Return 26.09%
Earnings Yield 11.93%
Franking 50
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as at 24 Feb 3:44pm

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

    A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
    Financial Shares

    The CEO is buying beaten-up Magellan shares. Is it a sign?

    Magellan shares have fallen by more than 80% over the past three disastrous years.

    Read more »

    A man pulls a shocked expression with mouth wide open as he holds up his laptop.
    Share Gainers

    Here are the top 10 ASX 200 shares today

    It ended up being a strong start to the week for the ASX 200 today.

    Read more »

    excited young female in business attire and wearing glasses is holding up $100 notes in both hands.
    Dividend Investing

    Which ASX 200 shares dish out more of their profits to shareholders than the rest?

    We profile a selection of ASX 200 shares with set dividend policies that inform investors of the percentage of profits…

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    A share market investment manager monitors share price movements on his mobile phone and laptop
    Financial Shares

    Magellan share price rises despite fund outflows continuing

    Investors have continued to pull money out of Magellan's funds.

    Read more »

    man and woman looking at mobile phones in a celebratory manner
    Share Gainers

    Here are the top 10 ASX 200 shares today

    The ASX 200 had a top start to the trading week today.

    Read more »

    Sell buy and hold on a digital screen with a man pointing at the sell square.
    Financial Shares

    Guess which ASX 200 company co-founder just offloaded $112 million in shares

    We've just seen a co-founder sell out of most of his shares in a major ASX 200 company.

    Read more »

    a man weraing a suit sits nervously at his laptop computer biting into his clenched hand with nerves, and perhaps fear.
    Share Fallers

    Why Corporate Travel, Iluka, Magellan, and WiseTech shares are sinking today

    These ASX shares are being sold off on Wednesday.

    Read more »

    A man slumps crankily over his morning coffee as it pours with rain outside.
    Dividend Investing

    Why is the Magellan share price sinking 8% today?

    This fund manager's shares are sinking today. But why?

    Read more »

    A man in his 30s holds his laptop and operates it with his other hand as he has a look of pleasant surprise on his face as though he is learning something new or finding hidden value in something on the screen.
    Earnings Results

    5 figures from ASX shares that impressed this week in reporting season

    It's information overload for stock investors, so here are the highlights from the past few days.

    Read more »

    An older man throws his hands up in excitement as he rides a carnival swing high up in the air.
    Best Shares

    Here are the top 10 ASX 200 shares today

    Do you own any of today's winning shares?

    Read more »

    a young woman raises her hands in joyful celebration as she sits at her computer in a home environment.
    Share Gainers

    Why Abacus, Core Lithium, Goodman, and Magellan shares are racing higher

    These ASX shares are ending the week strongly.

    Read more »

    A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
    Dividend Investing

    Everything you need to know about the Magellan dividend

    Magellan reported its FY 2023 results today, including a special dividend payment.

    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
    24 Dec 2024 $11.14 $0.09 0.81% 258,569 $11.05 $11.14 $10.98
    23 Dec 2024 $11.05 $0.15 1.38% 368,300 $10.85 $11.05 $10.85
    20 Dec 2024 $10.90 $-0.02 -0.18% 3,549,801 $10.91 $11.03 $10.84
    19 Dec 2024 $10.92 $-0.08 -0.73% 631,638 $10.65 $10.92 $10.63
    18 Dec 2024 $11.00 $-0.01 -0.09% 469,986 $10.93 $11.12 $10.84
    17 Dec 2024 $11.01 $-0.03 -0.27% 634,013 $10.99 $11.14 $10.93
    16 Dec 2024 $11.04 $-0.21 -1.87% 543,764 $11.22 $11.30 $10.99
    13 Dec 2024 $11.25 $0.10 0.90% 314,598 $11.14 $11.33 $11.10
    12 Dec 2024 $11.15 $0.07 0.63% 503,387 $11.15 $11.37 $11.11
    11 Dec 2024 $11.08 $-0.07 -0.63% 487,418 $11.00 $11.24 $11.00
    10 Dec 2024 $11.15 $0.14 1.27% 649,481 $11.16 $11.24 $10.96
    09 Dec 2024 $11.01 $0.09 0.82% 504,403 $10.82 $11.05 $10.82
    06 Dec 2024 $10.92 $-1.03 -8.62% 1,241,439 $11.83 $11.91 $10.87
    05 Dec 2024 $11.95 $0.53 4.64% 1,263,418 $11.46 $12.09 $11.43
    04 Dec 2024 $11.42 $0.15 1.33% 881,710 $11.19 $11.47 $11.18
    03 Dec 2024 $11.27 $0.56 5.23% 706,676 $10.82 $11.29 $10.81
    02 Dec 2024 $10.71 $-0.22 -2.01% 379,324 $10.99 $11.08 $10.69
    29 Nov 2024 $10.93 $0.13 1.20% 324,656 $10.78 $10.93 $10.69
    28 Nov 2024 $10.80 $-0.08 -0.74% 456,022 $10.96 $11.03 $10.80
    27 Nov 2024 $10.88 $0.08 0.74% 475,204 $10.92 $10.98 $10.82
    26 Nov 2024 $10.80 $-0.03 -0.28% 753,583 $10.84 $11.00 $10.80

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    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.
    01 Mar 2024 Deborah Page AM Buy 6,200 $50,406
    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 Emilie Cameron Company Secretary Nov 2024
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    Kirsten Morton Chief Financial Officer and Chief Operating Officer
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    Emilie Cameron 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

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