A director at Magellan Financial Group Limited maiden bought 3,000 shares at 10.240AUD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over t...
The independent financial analyst theScreener just awarded an improved star rating to MAGELLAN FINANCIAL (AU), active in the Asset Managers industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date February 18, 2022, the cl...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The ASX 200 shrugged off a poor reporting season and fell in line with global markets. Global stock markets fell by 2.0% due to concerns about global trade. Healthcare (3.6%), Property (2.3%) and IT (5.0%) were the best performing sectors, while Materials declined on the backs of a large fall in the price of iron ore and a weak FY19 result from BLD. The strong relative performance of Australia during the past 3 months combined with the large number of downgrades in June and a downgrade ...
The transition to a new analyst as well as an acceleration in fund inflows in the first four months of 2019 combine with a rebound in equity markets to drive narrow-moat Magellan Financial Group’s fair value estimate increase to AUD 37.50 per share, from AUD 29.00. The firm’s proven ability to generate above-market returns, with relatively lower volatility and drawdowns than most competitors along with an effective distribution team has helped establish a strong reputation among investors. T...
The transition to a new analyst as well as an acceleration in fund inflows in the first four months of 2019 combine with a rebound in equity markets to drive narrow-moat Magellan Financial Group’s fair value estimate increase to AUD 37.50 per share, from AUD 29.00. The firm’s proven ability to generate above-market returns, with relatively lower volatility and drawdowns than most competitors along with an effective distribution team has helped establish a strong reputation among investors. T...
The transition to a new analyst as well as an acceleration in fund inflows in the first four months of 2019 combine with a rebound in equity markets to drive narrow-moat Magellan Financial Group’s fair value estimate increase to AUD 37.50 per share, from AUD 29.00. The firm’s proven ability to generate above-market returns, with relatively lower volatility and drawdowns than most competitors along with an effective distribution team has helped establish a strong reputation among investors. T...
The transition of coverage to a new analyst and a precipitous fall in earnings prompts a reduction in narrow-moat Pendal Group’s fair value estimate to AUD 8.30 from AUD 10.30 per share. We also place Magellan Financial Group Limited and Platinum Asset Management Limited Under Review while we transition coverage to a new analyst. First-half fiscal 2019 underlying net profit after tax, or NPAT, was 26.6% lower than the previous corresponding period, or pcp. The compounding impact of lower ave...
The transition of coverage to a new analyst and a precipitous fall in earnings prompts a reduction in narrow-moat Pendal Group’s fair value estimate to AUD 8.30 from AUD 10.30 per share. We also place Magellan Financial Group Limited and Platinum Asset Management Limited Under Review while we transition coverage to a new analyst. First-half fiscal 2019 underlying net profit after tax, or NPAT, was 26.6% lower than the previous corresponding period, or pcp. The compounding impact of lower avera...
Narrow-moat Magellan Financial Group announced an impressive set of half-year results, delivered against a backdrop of turbulent markets. Underlying net profit after tax, or NPAT, increased by 62% from the previous corresponding period, or pcp, to AUD 176.3 million driven by increased funds under management, or FUM. Within the six months, spot FUM increased to a high of nearly AUD 75 billion before dipping to AUD 70.8 billion by the end of December as higher volatility gripped global markets. Ev...
Magellan Financial Group is a successful Australia-based active international equity and infrastructure fund manager. Earnings growth is underpinned by strong growth in funds under management, complemented by increasing performance fees. A track record of long-term investment outperformance supports our expectations for further growth in FUM. Major earnings risks come from the need to maintain good investment returns and the relatively more volatile nature of large institutional mandates. Attrac...
Narrow-moat Magellan Financial Group announced an impressive set of half-year results, delivered against a backdrop of turbulent markets. Underlying net profit after tax, or NPAT, increased by 62% from the previous corresponding period, or pcp, to AUD 176.3 million driven by increased funds under management, or FUM. Within the six months, spot FUM increased to a high of nearly AUD 75 billion before dipping to AUD 70.8 billion by the end of December as higher volatility gripped global markets. Ev...
We’ve increased our fair value estimate for narrow-moat-rated Magellan Financial Group to AUD 29 per share from AUD 28 after updating our near- to medium-term assumptions about FUM, revenue, and profitability. Our new fair value estimate implies a P/E multiple of 16 times our fiscal 2019 earnings estimate, 16.4 times our fiscal 2020 earnings estimate, and 15.7 times our fiscal 2021 earnings estimate. We apply a 9% cost of capital in our valuation. Key tailwinds supporting the industry include:...
We’ve increased our fair value estimate for narrow-moat-rated Magellan Financial Group to AUD 29 per share from AUD 28 after updating our near- to medium-term assumptions about FUM, revenue, and profitability. Our new fair value estimate implies a P/E multiple of 16 times our fiscal 2019 earnings estimate, 16.4 times our fiscal 2020 earnings estimate, and 15.7 times our fiscal 2021 earnings estimate. We apply a 9% cost of capital in our valuation. Key tailwinds supporting the industry include...
Magellan Financial Group is a successful Australia-based active international equity and infrastructure fund manager. Earnings growth is underpinned by strong growth in funds under management, complemented by increasing performance fees. A track record of long-term investment outperformance supports our expectations for further growth in FUM. Major earnings risks come from the need to maintain good investment returns and the relatively more volatile nature of large institutional mandates. Attrac...
We’ve increased our fair value estimate for narrow-moat-rated Magellan Financial Group to AUD 29 per share from AUD 28 after updating our near- to medium-term assumptions about FUM, revenue, and profitability. Our new fair value estimate implies a P/E multiple of 16 times our fiscal 2019 earnings estimate, 16.4 times our fiscal 2020 earnings estimate, and 15.7 times our fiscal 2021 earnings estimate. We apply a 9% cost of capital in our valuation. Key tailwinds supporting the industry include:...
Narrow-moat-rated Magellan Financial Group's funds under management for November were slightly lower month on month but continued their upward trajectory after a period of sustained outperformance. Net inflows of AUD 522 million weren’t enough to prevent an AUD 870 million reduction in total FUM to AUD 72.1 billion as negative performance for the period had an impact. We remain confident in the asset manager’s ability to navigate increasingly challenging times and maintain our AUD 28 fair va...
Narrow-moat-rated Magellan Financial Group's funds under management for November were slightly lower month on month but continued their upward trajectory after a period of sustained outperformance. Net inflows of AUD 522 million weren’t enough to prevent an AUD 870 million reduction in total FUM to AUD 72.1 billion as negative performance for the period had an impact. We remain confident in the asset manager’s ability to navigate increasingly challenging times and maintain our AUD 28 fair va...
FY18 reporting season was solid with 56% of stocks reporting either better-than-expected or in line underlying earnings. Growth has again outperformed Value in Line with our Expectations. Lean pickings for Value Hunters. Costs pressures on the Rise. Acquisitions driving earnings growth. Capital Management was delivered mostly via special dividends
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