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 $1.56 billion
P/E Ratio 8.86
Dividend Yield 7.81%
Shares Outstanding 181.03 million
Earnings per share 1.000
Dividend per share 0.59
Year To Date Return -1.36%
Earnings Yield 11.29%
Franking 50
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as at 24 Feb 3:44pm

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

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    Why Dexus, Magellan, Westgold, and Woolworths shares are dropping today

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    Magellan shares plummet after CEO heads for the exit

    The company also announced extra costs to wipe debts from the employee share program.

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    Why Azure Minerals, Magellan, Weebit Nano, and Winsome shares are tumbling today

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    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 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
    21 Feb 2024 $8.70 $-0.16 -1.81% 736,974 $8.86 $8.94 $8.70
    20 Feb 2024 $8.86 $-0.33 -3.59% 824,740 $8.92 $8.96 $8.79
    19 Feb 2024 $9.19 $-0.23 -2.44% 816,128 $9.43 $9.43 $9.10
    16 Feb 2024 $9.42 $0.10 1.07% 2,434,454 $9.51 $9.61 $9.32
    15 Feb 2024 $9.32 $0.39 4.37% 2,670,074 $9.04 $9.70 $9.04
    14 Feb 2024 $8.93 $0.11 1.25% 530,680 $8.70 $8.95 $8.66
    13 Feb 2024 $8.82 $0.18 2.08% 796,605 $8.70 $8.85 $8.60
    12 Feb 2024 $8.64 $-0.09 -1.03% 522,323 $8.75 $8.76 $8.58
    09 Feb 2024 $8.73 $-0.09 -1.02% 781,208 $8.84 $8.94 $8.69
    08 Feb 2024 $8.82 $-0.27 -2.97% 967,060 $9.06 $9.06 $8.75
    07 Feb 2024 $9.09 $0.03 0.33% 936,786 $9.08 $9.34 $9.06
    06 Feb 2024 $9.06 $0.12 1.34% 757,724 $8.90 $9.06 $8.69
    05 Feb 2024 $8.94 $-0.05 -0.56% 376,816 $8.91 $8.99 $8.81
    02 Feb 2024 $8.99 $0.11 1.24% 569,793 $8.98 $9.07 $8.95
    01 Feb 2024 $8.88 $-0.19 -2.09% 442,759 $8.96 $9.05 $8.86
    31 Jan 2024 $9.07 $0.15 1.68% 677,096 $8.95 $9.07 $8.92
    30 Jan 2024 $8.92 $0.07 0.79% 583,847 $9.03 $9.03 $8.90
    29 Jan 2024 $8.85 $-0.02 -0.23% 480,713 $8.85 $8.97 $8.80
    25 Jan 2024 $8.87 $-0.04 -0.45% 799,592 $8.67 $8.87 $8.57
    24 Jan 2024 $8.91 $-0.02 -0.22% 495,652 $8.98 $8.98 $8.83
    23 Jan 2024 $8.93 $-0.06 -0.67% 661,416 $8.97 $9.07 $8.90

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    21 Dec 2023 Hamish McLennan Sell 70,083 $7,008
    On-market trade.
    21 Dec 2023 John Eales Sell 235,377 $23,537
    On-market trade.
    11 Dec 2023 Deborah Page AM Sell 23,323 $2,332
    On-market trade.
    08 Nov 2023 Colette Garnsey Transfer 28,710 $200,395
    Off-market transfer. Assuming off-market transfer of shares
    08 Nov 2023 Colette Garnsey Transfer 28,710 $200,395
    Off-market transfer. Assuming off-market transfer of shares
    26 Oct 2023 Andrew Formica Buy 40,000 $249,560
    On-market trade.
    24 Oct 2023 David George Transfer 5,000 $32,650
    As advised by the company. Transferring 5000 indirect holdings to direct holdings
    24 Oct 2023 David George Transfer 5,000 $32,650
    As advised by the company. Transferring 5000 indirect holdings to direct holdings
    12 Sep 2023 David George Buy 25,000 $236,750
    On-market trade. $9.33 - $9.47

    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 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.
    Mrs Deborah Page AM Non-Executive Director Oct 2023
    --
    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 Executive ChairmanExecutive Director Jul 2023
    Mr Formica has 30 years experience in 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 (Henderson) 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.
    Mr Hamish Roy McLennan Non-Executive DirectorNon-Executive Deputy Chairman Mar 2016
    Mr McLennan brings experience in media and marketing with over 30 years' experience in the media industry in addition to experience managing a large multinational business. He is currently Chairman of REA Group Limited, a global online real estate advertising company. He was previously Executive Vice President, Office of the Chairman, News Corporation, and Global Chairman & CEO of Young & Rubicam (Y&R) in New York, part of WPP. He joined Young & Rubicam in 2002 as Chairman and CEO of Y&R Brands Australia/New Zealand, one of the largest marketing services groups in Australasia, and led the firm's global business operations from 2006 to 2011. He was also previously Executive Chairman and Chief Executive Officer (March 2014 to July 2015) and Chief Executive Officer and Managing Director (February 2013 to March 2014) of Australian media company Ten Network Holdings Limited. He has previously served on the Boards of Directors for the United Negro College Fund (UNCF) and the US Ad Council.
    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 ASX listed, private and not for profit companies. Ms Kovacs is a Non-Executive Director of wealth tech HUB24, international payments provider OFX, Universities Admission Centre (UAC) for ACT and NSW, and lendtech Grapple Holdings Limited. Ms Kovacs has 30 years broad experience across the financial services sector including senior leadership roles at BT Investment Bank, Macquarie Group, Ellerston Capital and Westpac Banking Group.
    Ms Marcia Paulina Venegas Company Secretary Mar 2019
    -
    Marcia Paulina Venegas Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 28,630,563 15.78%
    Magellan Equities Pty Limited 15,214,104 8.39%
    JP Morgan Nominees Australia Pty Limited 12,676,261 6.99%
    Citicorp Nominees Pty Limited 11,475,517 6.33%
    Netwealth Investments Limited 7,251,211 4.00%
    BNP Paribas Nominees Pty Ltd 4,332,001 2.39%
    National Nominees Limited 2,702,649 1.49%
    Mr David Doyle 1,500,000 0.83%
    Aljamat Pty Ltd 1,310,000 0.72%
    Citicorp Nominees Pty Limited - 143212 NMMT Ltd 1,227,957 0.68%
    Jash Pty Limited 1,163,886 0.64%
    ACE Property Holdings Pty Ltd 1,060,000 0.58%
    Palm Beach Nominees Pty Limited 884,207 0.49%
    Merrill Lynch (Australia) Nominees Pty Limited 837,367 0.46%
    BNP Paribas Nominees Pty Ltd - IB AU Noms Retailclient 785,598 0.43%
    Glenn Hargraves Investments Pty Ltd 650,000 0.36%
    Emmanuel Capital Pty Ltd 630,000 0.35%
    Bnp Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd 608,310 0.34%
    Neweconomy Com Au Nominees Pty Limited 547,451 0.30%
    Nulis Nominees (Australia) Limited 496,956 0.27%

    Profile

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