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

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MFG - MAGELLAN FINANCIAL GROUP LIMITED

FNArena Sector : Wealth Management & Investments
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

$43.00

05 Mar
2021

-0.160

OPEN

$42.68

-0.37%

HIGH

$43.67

778,972

LOW

$42.01

TARGET
$51.909 20.7% 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 218.3 233.0 xxx
DPS (cps) xxx 214.9 212.6 xxx
EPS Growth xxx 2.4% 6.7% xxx
DPS Growth xxx 16.0% - 1.1% xxx
PE Ratio xxx N/A 18.5 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 98.4% 91.3% xxx

Dividend yield today if purchased 3 years ago: 8.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.00

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: 16/02 - 97.1c (75%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

12/02/2021

3

Neutral

$52.00

20.93%

With key metrics like funds under management pre-announced, UBS notes the result was slightly ahead reflecting fairly resilient fee margins.

The broker highlights Magellan's outlook contains many moving parts including a retirement product launch that is months away from regulatory approval and risks around fee compression with the introduction of lower cost products. 

The target remains unchanged at $52 with a Neutral rating.

FORECAST
UBS forecasts a full year FY21 dividend of 222.00 cents and EPS of 229.00 cents.
UBS forecasts a full year FY22 dividend of 234.00 cents and EPS of 253.00 cents.

Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MFG STOCK CHART

FNArena News on MFG

1
Rudi’s View: A Supercycle In Dividends

Feb 25 2021 - Rudi's View
2
FNArena Corporate Results Monitor – 12-02-2021

Feb 12 2021 - Australia
3
Rudi’s View: A February Full Of Promise

Feb 12 2021 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 05-02-21

Feb 08 2021 - Weekly Reports
5
Rudi’s View: Why Worry?

Jan 28 2021 - Rudi's View

Latest Wealth Management & Investments News

1
LICs In Australia: Impact & Recovery From Covid

Mar 03 2021 - Australia
2
AMP To Reinvigorate Private Markets

Mar 03 2021 - Australia
3
Playing The Listed Bitcoin Game

Feb 26 2021 - Weekly Reports
4
Makeover Of The Investment Platform Sector

Feb 18 2021 - Weekly Reports
5
Macquarie Breaks Out

Feb 09 2021 - Technicals
6
Treasure Chest: Magellan Sailing Into Rough Waters?

Nov 25 2020 - Treasure Chest
7
FY22 Should Reinvigorate Macquarie Group

Nov 11 2020 - Australia
8
Software Upgrades Vital For Wealth Sector

Nov 10 2020 - Australia
9
Pendal Group Investing To Drive Growth

Nov 06 2020 - Australia
10
Monthly Listed Invested Trust Report – October 2020

Nov 02 2020 - Australia