Analysis of GQG Partners, Magellan Financial Group, Coles Group
Fund Manager Chris Pedersen discusses GQG Partners, Magellan Financial Group and Coles Group.
Read MoreTag: MFG
MFG – Credit Suisse rates the stock as Neutral
Before changing its Neutral rating for Magellan Financial, the broker would like to see a stabilisation of institutional flows and some outperformance by the Global Fund. The target price falls to $12.40 from $14.40.
Read MoreMFG – Morgans rates the stock as Hold
The target rises to $16.73 from $15.78. The analyst believes the risk reward balance is unfavourable and retains a Hold rating.
Read MoreProfit Briefs: SCP, DHG, MFG
With peak reporting season upon us, here are snippets from the results announced yesterday by Shopping Centres Australasia, Domain Holdings, and Magellan Financial Group.
Read MoreBarrenjoey Capital Lures Magellan Financial
Magellan Financial intends to diversify its options with an investment in Barrenjoey Capital Partners, although the near-term returns are expected to be minimal.
Read MoreMagellan Financial Targets Low-Cost Demand
Magellan Financial has introduced several new investment strategies designed to keep fund flow happening over the medium term.
Read MoreMFG – Morgans rates the stock as Hold
Magellan Financial Group delivered a strong FY20 result that was in-line with expectations, according to Morgans.
Read MoreMagellan Launches ASX Listed High Conviction Listed Investment Trust
Magellan Financial Group announced this week that it will launch a listed investment trust for its successful ‘high conviction’ strategy. Chris Wheldon, Portfolio Manager of the High Conviction Fund and an Assistant Portfolio Manager on the Global Equities Strategies sat down to tell us more.
Read MoreMFG – UBS rates the stock as Sell
FY19 net profit was well ahead of UBS estimates which purely reflected one-off unrealised asset gains. Otherwise, funds management profit was in line. Of more interest to the broker was the $270m equity raising announcement to fund future growth initiatives.
Read MoreMagellan Bucks Shift To Passive Investment
Argo Investments 2018-19 results were similar to many of its rivals in the Listed Investment Company (LIC) space, or those more traditional with big holdings in old-line stocks like the big miners such as BHP and Rio Tinto and the spin-off of Coles from Wesfarmers late in 2018.
Read MoreLaunch Of Magellan High Conviction Trust
The High Conviction Trust will invest in a concentrated portfolio of high-quality global companies, weighted towards Magellan’s best ideas.
Read MoreHeadwinds Build For Insurers And Wealth Managers
As FY20 unfolds, falling global bond yields will produce headwinds for the general insurance sector while wealth managers could enjoy a short-term uplift to recurring revenue.
Read MoreMFG – Morgans rates the stock as Hold
The company ended June with $86.7bn in funds under management, up 24.7% over the financial year. Morgans expects an update on new products at the August results, such as the US sustainable and retirement income product, which are medium to longer term growth options.
Read MoreMFG – Morgans rates the stock as Hold
The company reported March funds under management of $79.4bn, up 4.5% for the month and 12.2% for the quarter. Net flows have been strong.
Read MoreMagellan Financial, Simply The Best?
Wealth manager Magellan Financial’s fund flows stood out in the December quarter and a better outlook has prompted several brokers to review their ratings.
Read MoreMagellan Profit Up 14%
Magellan Financial Group (MGF) posted a 14% rise in full-year net profit to $198.4 million on higher management and performance fees, but shareholders will get a lower final payout compared with a year earlier.
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