MAGELLAN FINANCIAL GROUP LIMITED (MFG)
Share Price Analysis and Chart

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MFG - MAGELLAN FINANCIAL GROUP LIMITED

Year End: June
GICS Industry Group : Diversified Financials
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Magellan Financial is a global investment company specialising in global equities and global listed infrastructure. It was formed in 2006 and has offices in Australia, New Zealand and the US. It acquired Airlie Funds in Australia in 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$48.80

25 Jan
2021

1.070

OPEN

$48.10

2.24%

HIGH

$48.90

397,666

LOW

$47.90

TARGET
$56.176 15.1% upside
Franking for last dividend paid out: 75%
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MARKET CONSENSUS FORECAST
MFG: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 218.3 233.4 xxx
DPS (cps) xxx 214.9 214.9 xxx
EPS Growth xxx 2.4% 6.9% xxx
DPS Growth xxx 16.0% - 0.0% xxx
PE Ratio xxx N/A 20.9 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx 98.4% 92.0% xxx

Dividend yield today if purchased 3 years ago: 7.75%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.40

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 17/08 - 122c (75%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

12/01/2021

1

Add

$59.05

21.00%

Magellan Financial Group's market update showed continued retail funds inflows with institutions and funds performance providing negative offset.

Stockbroker Morgans is not too worried, arguing a stronger AUD has equally weighed on the share price recently. The broker considers the currency and the underperformance as temporary mild headwinds only.

While the target price declines to $59.05 from $61.05, the Add rating has been maintained.

FORECAST
Morgans forecasts a full year FY21 dividend of 212.00 cents and EPS of 231.00 cents.
Morgans forecasts a full year FY22 dividend of 239.00 cents and EPS of 262.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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MFG STOCK CHART