The stock of Magellan Financial Group Ltd (ASX:MFG) is a huge mover today! The stock increased 1.73% or $0.38 on November 18, hitting $22.35. About 534,569 shares traded hands or 33.55% up from the average. Magellan Financial Group Ltd (ASX:MFG) has declined 1.19% since April 22, 2016 and is downtrending. It has underperformed by 5.62% the S&P500.
The move comes after 8 months positive chart setup for the $3.63 billion company. It was reported on Nov, 18 by Barchart.com. We have $27.49 PT which if reached, will make ASX:MFG worth $834.90 million more.
More notable recent Magellan Financial Group Ltd (ASX:MFG) news were published by: Fool.com.Au which released: “Is Magellan Financial Group Ltd a better buy than Platinum Asset Management …” on September 05, 2016, also Fool.com.Au with their article: “6 reasons why Magellan Financial Group Ltd shares are soaring” published on November 26, 2015, Fool.com.Au published: “Why the Magellan Financial Group Ltd share price is climbing higher today” on June 03, 2016. More interesting news about Magellan Financial Group Ltd (ASX:MFG) were released by: Fool.com.Au and their article: “Top broker slaps $26 share price target on Magellan Financial Group Ltd” published on October 11, 2016 as well as Fool.com.Au‘s news article titled: “Should you buy Magellan Financial Group Ltd and Platinum Asset Management …” with publication date: January 06, 2016.
Magellan Financial Group Limited is a fund management company. The company has a market cap of $3.63 billion. The Company’s objective includes offering international investment funds to high net worth and retail investors in Australia and New Zealand, and institutional investors across the globe. It has a 19.35 P/E ratio. The Company’s divisions include Funds Management, Principal Investments and Corporate.
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