BUZZ-Macquarie raises PT for Magellan Financial on qtrly net outflows reduction

Reuters10-08

** Macquarie raises Magellan Financial's price target and earnings estimates on a slight reduction in qtrly net outflows

** Brokerage ups PT for the Australian asset manager to A$9.50 from A$9.45

** MFG shares currently down 1.2% at A$10.12

** Macquarie says MFG's retail outflows in September appear to have returned to their previous run-rate of A$200 mln/month.

** "MFG's key strategies are yet to deliver sustained relative outperformance after several difficult years" — Macquarie

** Brokerage raises MFG's FY25, FY26 EPS estimates by 0.7%, and 1.2%, respectively

** MFG stock up 10% YTD

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2473455813?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-08 07:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2473455813","market":null,"top_or_hot":-1,"title":"BUZZ-Macquarie raises PT for Magellan Financial on qtrly net outflows reduction","media":"Reuters","content":"<html><body><p>** <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> raises Magellan Financial's    price target and earnings estimates on a slight reduction in qtrly net outflows</p><p>   ** Brokerage ups PT for the Australian asset manager to A$9.50 from A$9.45</p><p>   ** MFG shares currently down 1.2% at A$10.12</p><p>   ** Macquarie says MFG's retail outflows in September appear to have returned to their previous run-rate of A$200 mln/month.</p><p>   ** \"MFG's key strategies are yet to deliver sustained relative outperformance after several difficult years\" — Macquarie</p><p>   ** Brokerage raises MFG's FY25, FY26 EPS estimates by 0.7%, and 1.2%, respectively</p><p>   ** MFG stock up 10% YTD</p><p> (Reporting by Ayushman Ojha in Bengaluru)</p><p>((Ayushman.ojha@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Macquarie raises PT for Magellan Financial on qtrly net outflows reduction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Macquarie raises PT for Magellan Financial on qtrly net outflows reduction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-08 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Macquarie raises Magellan Financial's    price target and earnings estimates on a slight reduction in qtrly net outflows   ** Brokerage ups PT for the Australian asset manager to A$9.50 from A$9.45...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">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":"MQG.AU","symbol_name":"Macquarie","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2473455813","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473455813","pubTimestamp":1728344333,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Macquarie raises Magellan Financial's    price target and earnings estimates on a slight reduction in qtrly net outflows   ** Brokerage ups PT for the Australian asset manager to A$9.50 from A$9.45   ** MFG shares currently down 1.2% at A$10.12   ** Macquarie says MFG's retail outflows in September appear to have returned to their previous run-rate of A$200 mln/month.   ** \"MFG's key strategies are yet to deliver sustained relative outperformance after several difficult years\" — Macquarie   ** Brokerage raises MFG's FY25, FY26 EPS estimates by 0.7%, and 1.2%, respectively   ** MFG stock up 10% YTD ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MQG.AU":"Macquarie","BK7046":"综合性资本市场","MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","BK7062":"资产管理与托管银行","BK7511":"ESG概念"},"translate_title":"BUZZ-麦格理因季度净流出减少而提高麦哲伦金融公司的PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MQG.AU":1,"MFG.AU":0.9},"content_text":"** Macquarie raises Magellan Financial's    price target and earnings estimates on a slight reduction in qtrly net outflows   ** Brokerage ups PT for the Australian asset manager to A$9.50 from A$9.45   ** MFG shares currently down 1.2% at A$10.12   ** Macquarie says MFG's retail outflows in September appear to have returned to their previous run-rate of A$200 mln/month.   ** \"MFG's key strategies are yet to deliver sustained relative outperformance after several difficult years\" — Macquarie   ** Brokerage raises MFG's FY25, FY26 EPS estimates by 0.7%, and 1.2%, respectively   ** MFG stock up 10% YTD (Reporting by Ayushman Ojha in Bengaluru)((Ayushman.ojha@thomsonreuters.com))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2473455813"}