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

$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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MFG STOCK CHART