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 $1.75 billion
P/E Ratio 8.05
Dividend Yield 12.39%
Shares Outstanding 181.43 million
Earnings per share 1.162
Dividend per share 0.94
Year To Date Return 9.83%
Earnings Yield 12.43%
Franking 85.0106609808
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as at 24 Feb 3:44pm

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

    A man cheers after winning computer game while woman sitting next to him looks upset.
    Earnings Results

    Experts forecast the ASX 200 winners and losers this earnings season

    The consensus is for solid results but lower dividends and a weaker outlook.

    Read more »

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    Share Gainers

    Here are the top 10 ASX 200 shares today

    It was a shaky, but overall decent, start to the week's trading today.

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    Share Market News

    Here are the top 10 ASX 200 shares today

    Today nearly saw the ASX 200 choke after a steep rise this morning.

    Read more »

    A young woman lifts her red glasses with one hand as she takes a closer look at news about interest rates rising and one expert's surprising recommendation as to which ASX shares to buy
    Financial Shares

    This ASX 200 stock is trading near 52-week lows with a 13% dividend yield! Should you buy?

    When something looks too good to be true, it usually is.

    Read more »

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    Opinions

    3 popular ASX shares I wouldn’t touch with a bargepole

    Here's a trio of stocks that couldn't beat an egg. Don't be tempted into buying these value traps.

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    a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
    Share Fallers

    Why Incannex, Magellan, Nexted, and Strandline shares are dropping today

    These ASX shares are having a tough start to the week.

    Read more »

    A young woman with long brown hair opens her green eyes widely expressing surprise.
    Share Fallers

    Why Aeris Resources, Appen, Magellan, and Pinnacle shares are sinking

    These ASX shares are having a tough finish to the week.

    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 ARB, Magellan, Nanosonics, and St Barbara shares are dropping today

    These ASX shares are having a tougher time than most on Thursday.

    Read more »

    A man holds his head in his hands, despairing at the bad result he's reading on his computer.
    Financial Shares

    Magellan share price sinks on $2.1 billion FUM outflow

    Magellan's fund outflows have accelerated again.

    Read more »

    A young man pointing up looking amazed, indicating a surging share price movement for an ASX company
    Share Gainers

    These were the best-performing ASX 200 shares in June

    These ASX 200 shares were in fine form in June, much to the delight of shareholders.

    Read more »

    A couple sit in their home looking at a phone screen as if discussing a financial matter.
    Share Market News

    Here are the top 10 ASX 200 shares today

    It was a disappointing day for investors on the ASX 200 today.

    Read more »

    A hipster-looking man with bushy beard and multiple arm tattoos sits on the floor against a sofa reading a tablet with his hand on his chin as though he is deep in thought.
    Financial Shares

    Could beaten-up Magellan shares have ‘the potential to be incredibly valuable’?

    This beaten-up stock could actually be very good value.

    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
    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
    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.

    Data provided by Morningstar.
    Name Title Start Date Profile
    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).
    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.
    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.
    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.
    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.
    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).
    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.
    Ms Marcia Paulina Venegas Company Secretary Mar 2019
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    Marcia Paulina Venegas Company Secretary
    -
    Craig Wright Head of Magellan Capital & Advisory
    -
    Kirsten Morton Interim CEO and Chief Financial Officer
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    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%

    Profile

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