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

$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%
OTHER COMPANIES IN THE SAME SECTOR
AMP . ASX . BLA . PDL . CGF . GBST . HGG . IFL . IRE . PPS . PPT . PTM . CVW . JHG . CL1 . ENN . KAM . KSL . BVS . PNI . MOE . NWL . LNK . GBT . HUB . NGI . GDG . AEF . PAC . MQG . MAI . TDI .
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%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

MFG STOCK CHART

FNArena News on MFG

1
Australian Broker Call *Extra* Edition – Jan 20, 2021

Jan 20 2021 - Daily Market Reports
2
Rudi’s View: All Eyes On US Treasuries

Jan 13 2021 - Rudi's View
3
Weekly Ratings, Targets, Forecast Changes – 11-12-20

Dec 14 2020 - Weekly Reports
4
November In Review: ASX Soars As Value Outperforms Growth

Dec 07 2020 - Australia
5
Rudi’s View: Brambles, Orica, Reece and… Tesla

Dec 04 2020 - Rudi's View

Latest Wealth Management & Investments News

1
Treasure Chest: Magellan Sailing Into Rough Waters?

Nov 25 2020 - Treasure Chest
2
FY22 Should Reinvigorate Macquarie Group

Nov 11 2020 - Australia
3
Software Upgrades Vital For Wealth Sector

Nov 10 2020 - Australia
4
Pendal Group Investing To Drive Growth

Nov 06 2020 - Australia
5
Monthly Listed Invested Trust Report – October 2020

Nov 02 2020 - Australia
6
HUB24 Withstanding The Pressures

Oct 14 2020 - Australia
7
Generation Development Branches Out

Oct 14 2020 - Small Caps
8
Is Bravura’s Latest Acquisition Well-Timed?

Oct 14 2020 - Australia
9
Barrenjoey Capital Lures Magellan Financial

Sep 22 2020 - Australia
10
Macquarie Group Confirms A Difficult First Half

Sep 15 2020 - Australia