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.Share Price
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as at 24 Feb 3:44pm
Magellan Financial Group Ltd (ASX: MFG)
Latest News
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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 |
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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 |
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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 |
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09 Aug 2023 | $9.46 | $0.11 | 1.18% | 473,483 | $9.25 | $9.46 | $9.23 |
08 Aug 2023 | $9.35 | $0.10 | 1.08% | 569,181 | $9.30 | $9.35 | $9.23 |
07 Aug 2023 | $9.25 | $0.05 | 0.54% | 282,652 | $9.15 | $9.27 | $9.15 |
04 Aug 2023 | $9.20 | $-0.01 | -0.11% | 699,302 | $9.11 | $9.32 | $9.02 |
03 Aug 2023 | $9.21 | $-0.18 | -1.92% | 455,883 | $9.20 | $9.27 | $9.11 |
02 Aug 2023 | $9.39 | $-0.13 | -1.37% | 588,364 | $9.48 | $9.48 | $9.33 |
01 Aug 2023 | $9.52 | $0.19 | 2.04% | 776,468 | $9.36 | $9.56 | $9.33 |
31 Jul 2023 | $9.33 | $0.20 | 2.19% | 740,939 | $9.17 | $9.42 | $9.16 |
28 Jul 2023 | $9.13 | $-0.12 | -1.30% | 508,772 | $9.20 | $9.20 | $9.04 |
27 Jul 2023 | $9.25 | $0.25 | 2.78% | 581,534 | $9.05 | $9.25 | $8.97 |
26 Jul 2023 | $9.00 | $-0.01 | -0.11% | 605,776 | $9.04 | $9.10 | $8.95 |
25 Jul 2023 | $9.01 | $-0.07 | -0.77% | 437,631 | $9.11 | $9.14 | $8.95 |
24 Jul 2023 | $9.08 | $0.09 | 1.00% | 451,068 | $9.05 | $9.14 | $8.91 |
21 Jul 2023 | $8.99 | $-0.16 | -1.75% | 509,242 | $9.10 | $9.12 | $8.91 |
20 Jul 2023 | $9.15 | $0.20 | 2.23% | 1,322,790 | $9.03 | $9.15 | $8.96 |
19 Jul 2023 | $8.95 | $0.20 | 2.29% | 628,438 | $8.87 | $9.05 | $8.85 |
18 Jul 2023 | $8.75 | $0.03 | 0.34% | 506,693 | $8.77 | $8.90 | $8.71 |
17 Jul 2023 | $8.72 | $-0.01 | -0.11% | 494,613 | $8.73 | $8.89 | $8.63 |
14 Jul 2023 | $8.73 | $0.10 | 1.16% | 591,832 | $8.69 | $8.77 | $8.63 |
13 Jul 2023 | $8.63 | $0.15 | 1.77% | 694,235 | $8.60 | $8.67 | $8.53 |
12 Jul 2023 | $8.48 | $0.06 | 0.71% | 773,650 | $8.50 | $8.62 | $8.41 |
11 Jul 2023 | $8.42 | $0.04 | 0.48% | 877,350 | $8.46 | $8.53 | $8.31 |
Directors & Management Data provided by Morningstar.
Name | Title | Start Date | Profile |
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Ms Colette Mary Garnsey | Non-Executive Director | Nov 2020 |
Ms Garnsey has over 40 years of experience in retail, marketing and distribution and played a role in the development and growth of the Australian retail industry using her established experience in branding, consumer insights, digital and marketing. Colette is currently Chair of Laser Clinics Australia (appointed to the Board in November 2020 and Chairman since October 2021). She also serves as a Director of Flight Centre Travel Group (since February 2018), Seven West Media Limited (since December 2018) and Loreto Normanhurst (since January 2021).
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Mr David Dixon | Non-Executive Deputy ChairmanNon-Executive Director | Dec 2022 |
Mr Dixon has over 30 years 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 -2020, David was Chief Investment Officer, Equities at First Sentier Investors (formerly Colonial First State Global Asset Management) From 2003 - 2013 he was FSIs Global Chief Investment Officer, where he was responsible for the investment functions within the entity, of the Australian and global equities, global infrastructure, global resources, global property, quantitative equites, fixed income, private equity investments, economics and market research. Prior to FSI, David was the Head of Equities (1995 -2002) and Chief Investment Officer (2002 2003) at Insurance Australia Group Limited. From 1986 - 1995 he held numerous roles at Westpac Investment Management including equity analyst, portfolio manager and Head of Corporate Research. David is currently a Non-Director Member of the Aware Super Investment Committee (appointed January 2021). He also previously held directorial roles across a Commonwealth Bank of Australia subsidiaries within the Wealth Management division along with member roles on ASICs Market Supervision Advisory Panel and the Financial Services Council Investment Board. David was awarded the Financial Services Council Industry Excellence Award in 2012.
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Mr Robert Darius Fraser | Non-Executive Director | Apr 2014 |
Mr Fraser is a company director and corporate adviser with over 30 years of investment banking experience, specialising in mergers and takeovers, corporate and financial analysis, capital management, equity capital markets and corporate governance. Robert is currently the Managing Director of TC Corporate Pty Limited, the corporate advisory division of Taylor Collison Limited stockbrokers of which he is a Director and Principal.
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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 a number of listed and unlisted private organisations. John co-founded the Mettle Group in 2003. John is Chairman of Trajan Group (since March 2021) and also serves on the Boards of Flight Centre Travel Group (since September 2012), FUJIFILM Data Management Solutions Pty Ltd and Executive Health Solutions. John has been a regular columnist in both the Australian Financial Review and The Australian over the last 20 years and is the author of two books, Learning from Legends Sport and Learning from Legends Business.
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Mr Andrew James Formica | Non-Executive Director | Jul 2023 |
Mr Formica has 30 years experience in leading and growing investment businesses within the funds management industry globally, 14 years of which were as CEO. Most recently, Andrew was Chief Executive Officer (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 Hendersons Listed Assets business (from September 2006) and Head of Equities (from September 2004). In the early part of his career, Andrew was an equities portfolio manager and analyst for AMPAM and Henderson. Andrew was also previously Deputy Chairman of the Board of the Investment Association and formerly a Board member of Hammerson Group plc.
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Mr Hamish Roy McLennan | Non-Executive DirectorNon-Executive Deputy Chairman | Mar 2016 |
Mr McLennan has over 30 years of experience in the media industry. He is currently Chairman of REA Group Limited (appointed February 2012 and Chairman since April 2012), a global online real estate advertising company, Chairman of HT&E Limited (appointed October 2018), an Australian media and entertainment company, and Chairman of Rugby Australia (appointed June 2020). Hamish is also a Non-Executive Director of the tech firm Claim Central Consolidated (since January 2020) and an independent director of Light & Wonder, a US gaming and lottery company (since November 2020).
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Mr David George | Chief Executive OfficerManaging Director | Jul 2022 |
Mr George has over 20 years of experience in institutional investment management across analytical roles, investment management and organisational leadership in Australia and Canada. Most recently, he spent 14 years at the Future Fund (Australia's Sovereign Wealth Fund). This included roles evaluating and investing alongside external investment managers, leadership of a sector team, and finally as Deputy Chief Investment Officer, Public Markets with responsibility for equities, credit, derivative overlays, public market alternatives, cash and treasury. He also served as a member of the firm-wide Senior Management Team and on all relevant internal investment portfolio management and risk committees. Prior to the Future Fund, he held senior roles at Mercer Investment Consulting, the Royal Bank of Canada and Integra Capital Management. He also sits on the Board of the CAIA Association and is a trustee of the Standards Board of Alternative Investments.
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Ms Marcia Paulina Venegas | Company Secretary | Mar 2019 |
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Marcia Paulina Venegas | Company Secretary |
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Craig Wright | Head of Magellan Capital & Advisory |
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Kirsten Morton | Interim CEO and Chief Financial Officer |
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Top Shareholders Data provided by Morningstar.
Name | Shares | Capital |
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Midas Touch Investments Pty Ltd | 21,242,277 | 11.48% |
HSBC Custody Nominees (Australia) Limited | 19,849,303 | 10.72% |
Magellan Equities Pty Limited | 17,025,961 | 9.20% |
JP Morgan Nominees Australia Pty Limited | 10,310,475 | 5.57% |
Citicorp Nominees Pty Limited | 7,783,892 | 4.21% |
BNP Paribas Nominees Pty Ltd | 3,478,146 | 1.88% |
National Nominees Limited | 1,864,281 | 1.01% |
Mr David Doyle | 1,500,000 | 0.81% |
Aljamat Pty Ltd | 1,310,000 | 0.71% |
Jash Pty Limited | 1,163,886 | 0.63% |
Netwealth Investments Limited | 917,868 | 0.50% |
Nota Bene Investments Pty Ltd | 825,000 | 0.45% |
BNP Paribas Nominees Pty Ltd Hub24 Custodial Services Ltd | 746,006 | 0.40% |
Emmanuel Capital Pty Ltd | 630,000 | 0.34% |
ACE Property Holdings Pty Ltd | 600,000 | 0.32% |
Glenn Hargraves Investments Pty Ltd | 575,000 | 0.31% |
Est. Mr Philip Alan Kenneth Naylor | 566,089 | 0.31% |
Mr Domenico Giuliano | 559,218 | 0.30% |
Mr Christopher Andrew Anderson & Mrs Virginia Ivy Anderson | 540,000 | 0.29% |
Marsev Pty Limited | 539,944 | 0.29% |