Magellan Financial traded at 8.41 this Friday February 6th, decreasing 0.40 or 4.54 percent since the previous trading session. Looking back, over the last four weeks, Magellan Financial lost 9.57 percent. Over the last 12 months, its price fell by 16.32 percent. Looking ahead, we forecast Magellan Financial to be priced at 8.55 by the end of this quarter and at 8.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Magellan Financial Group Limited is an Australia-based company engaged in fund management business. The Company's segments include Funds Management, Fund Investments, and Magellan Capital Partners. The Funds Management segment provides investment management services to high net worth and retail investors in Australia and New Zealand, and institutional investors globally. The Fund Investments segment consists of the Company's direct investment in Magellan Funds and a selected portfolio of listed Australian and international equities. The Magellan Capital Partners segment consists of a portfolio of selective investments in businesses in which the Company has a strategic interest. The Company's investment strategies are focused on global equities, global listed infrastructure, sustainable, and Australian equities, which are operated through its wholly owned subsidiary, Airlie Funds Management.