Magellan Financial Group Limited [ASX:MFG] share price and news 2022

Company Description

Magellan Financial Group Limited (MFG) is a funds management business based in Sydney, Australia. MFG offers international investment funds to high net worth and retail investors in Australia, New Zealand and institutional investors globally. MFG’s four investment funds are the Global Equities, Infrastructure, Sustainable and Australian Equities. The fund management activities are undertaken by Magellan Asset Management Limited.

Magellan Financial Group Limited belongs to Financials sector and under industry of Asset Management & Custody Banks. You can get more information about this company via their website: http://www.magellangroup.com.au.

This is a mid cap company with market cap of 7948 millions.

Compared to Market and Sector

The following table compares the company to Market and Sector based on Earning, Price/Earning ratio(P/E), Price/Book ratio (P/B) and PE growth.

Company PE is less than both sector and market. while Company PB is greater than both sector and market. On the other hand, Company Earning is less than both sector and market.

Earnings PE PB PE growth
Company 0.52 18.2 7.54 2.37
Market 1.03 20.6 1.71 1.15
Sector 1.02 23.4 1.15 1.09

Dividend Growth Chart

The following chart shows you how mfg dividend grows in the recent years.Magellan Financial Group Limited has dividend yield of 5.09%