Macquarie raises PT on Australia's Magellan Financial Group

Magellan Financial

08/10/2025 23:44

** Analysts at Macquarie raise PT on Australia's Magellan Financial Group  MFG.AX to A$8.65 from A$8.55

** Asset manager on Wednesday posted funds under management of A$40.2 billion ($26.48 billion) as of September-end vs A$39.6 billion reported in June-end

** Brokerage raises FY26, FY27 adjusted EPS by 1.3% and 1.4% respectively, reflecting stronger FUMs

** One of nine analysts rates the stock "buy" or higher, three "hold" and five "sell" or lower; their median PT is A$10.35, according to data compiled by LSEG

** Stock down 5.6% YTD, as of last close

($1 = 1.5181 Australian dollars)

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com))