Magellan's March Beat Largely Due to Market Performance -- Market Talk

Dow Jones04-08

2244 GMT - Magellan's funds under management at the end of March were ahead of Goldman Sachs' forecasts, but this was largely as a result of market performance. Investment flows were broadly in line with expectations, analysts Julian Braganza and Brian Kim say in a note. For January and February, GS says flows generally tracked better, but March saw an increase in institutional outflows at A$500 million for the month. GS keeps its recommendation at neutral. It raises its target price by 4% to A$9.10/share, mainly due to GS upgrading earnings to reflect Magellan's March FUM. The stock ended last week at A$9.49. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

April 07, 2024 18:44 ET (22:44 GMT)

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It raises its target price by 4% to A$9.10/share, mainly due to GS upgrading earnings to reflect Magellan's March FUM. The stock ended last week at A$9.49. 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Investment flows were broadly in line ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6054","symbol_name":"综合支持服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2425267957","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425267957","pubTimestamp":1712529840,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2244 GMT - Magellan's funds under management at the end of March were ahead of Goldman Sachs' forecasts, but this was largely as a result of market performance. Investment flows were broadly in line with expectations, analysts Julian Braganza and Brian Kim say in a note. For January and February, GS says flows generally tracked better, but March saw an increase in institutional outflows at A$500 million for the month. GS keeps its recommendation at neutral. It raises its target price by 4% to A$9.10/share, mainly due to GS upgrading earnings to reflect Magellan's March FUM. The stock ended last week at A$9.49. 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(alice.uribe@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 07, 2024 18:44 ET (22:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2425267957"}