MFG Share Price: ASX Live Quote, Forecast & Analysis

The ticker MFG trips up Australian investors who notice it refers to different companies on different exchanges—but on the ASX, it means one thing: Magellan Financial Group Limited, a funds manager whose shares have see-sawed between $7.52 and $11.80 over the past year. With analysts targeting modest upside and a dividend yield that hinges on fund-flow stability, the data points land here.

Current Price: $9.58 · Day’s Change: +$0.099 (1.05%) · 52 Week Range: $7.52 – $11.80 · Avg Volume: 1,041,947 · Previous Close: $9.84

The table below consolidates the most current pricing and volume data for ASX:MFG alongside the key analyst consensus figures.

“The Magellan Financial Group Ltd (ASX:MFG) share price is up more than 4% after the funds management business announced its HY26 result.”

— Rask Media, Financial News

Is MFG a buy or sell?

The question of whether to buy or sell MFG hinges on what lens you’re viewing it through. At a current price near $9.58, the average analyst consensus target of 10.39 AUD implies roughly 7% upside over the next 12 months — modest, but not negligible for a dividend-paying financial stock. However, the spread between the low target (8.59 AUD) and the high target (12.6 AUD) tells you that not everyone agrees on where this stock is headed.

Buy signals

• The 7.54% forecast dividend yield is well above the ASX financial sector average, making MFG attractive for income-focused investors if the payout is sustained.
• The February 2026 share price jump of +5% on mixed HY26 results suggests the market found something worth celebrating even in a cautious report.
• An EV/EBITDA of 6.25 places MFG at a modest valuation multiple compared to growth-oriented financial peers.

Sell signals

• Analyst forecasts turned more bearish following a consensus revenue downgrade to AU$281m for 2026, per analysis from Simply Wall St.
• Forecast EPS growth sits at -9.04%, suggesting earnings compression that could pressure future dividends.
• A conviction score of just 35/100 from Scout AI analysis flags below-average confidence in the near-term outlook.

Analyst consensus

Three platforms — Alpha Spread, Fintel, and TradingView — all converge on a similar average price target of approximately 10.13–10.39 AUD, drawing from 8 analysts on TradingView and corroborating across multiple data sets. Fintel’s alternative consensus sits slightly higher at 10.47 AUD with a high-end target of 13.05 AUD. The implication: most professional estimates point toward modest gains, but the wide target range signals meaningful uncertainty in either direction.

“Analyst Forecasts Just Became More Bearish On Magellan Financial.”

— Simply Wall St, Analysis Platform

Magellan Financial Group Price Forecast & Price Prediction (MFG)

When multiple analyst platforms align on a price target range, it’s worth understanding what drives those forecasts — and where they diverge.

Short-term forecast

TradingView’s 8-analyst consensus places the near-term target at 10.13 AUD with a range spanning 7.65 AUD (minimum) to 12.00 AUD (maximum). The next quarter revenue is projected at 125.39M AUD per TradingView data. WalletInvestor’s daily forecast points to roughly 9.977 AUD by late September 2025 — a slight tick above current levels if that projection holds.

Long-term prediction

Long-term projections carry substantially more uncertainty. WalletInvestor’s 2031 target of 18.43 AUD sits well above any near-term consensus, though WalletInvestor is a tier 3 source and such long-range forecasts carry low confidence. The key takeaway from the more reliable tier 2 sources is that the 1-year horizon is where analyst conviction concentrates, with targets clustering around 10.13–10.39 AUD.

Key influencing factors

• Fund flows under management — any redemption pressure directly impacts revenue and earnings.
• Market sentiment toward financial sector stocks, which has been cautious amid broader rate uncertainty.
• Actual dividend payments versus forecast yields, which determines whether the 7.54% yield materializes.

Is MFG a good stock to buy?

Good for whom depends heavily on what you’re optimizing for. MFG presents a split personality: a generous forecast yield offset by earnings pressure and a bearish shift in analyst sentiment.

Valuation metrics

The forecast PE ratio of 10.76 sits in line with or slightly below the historical average for ASX-listed financial services companies, suggesting the market isn’t pricing in aggressive growth assumptions. The Price to Book Value of 1.44 and EV/EBITDA of 6.25 round out a picture of reasonable — not cheap — valuation relative to peers.

Growth prospects

• Revenue forecast of AU$281m for 2026, downgraded from prior estimates, signals a challenging environment for the funds management business.
• EPS growth forecast of -9.04% means per-share earnings are expected to contract, which typically pressures valuations.
• Low conviction score (35/100) from Scout AI reflects algorithmic uncertainty about near-term performance.

Risks

• Dividend sustainability is the central risk — if fund flows continue to disappoint, the 7.54% forecast yield becomes harder to maintain.
• Analyst bearishness has increased, and any further revenue downgrades could push targets lower.
• The wide gap between high and low price targets (12.6 AUD vs 8.59 AUD) means volatility is likely if market conditions shift.

How often does MFG pay dividends?

Magellan Financial Group operates on a semi-annual dividend schedule, consistent with the Australian financial services norm for listed funds management companies.

Dividend schedule

Based on available dividend history from DividendMAX, the most recent payout was 39.5 cents per share paid in March 2026. The next ex-dividend date is forecast in approximately 4 months — placing it around July 2026 if the semi-annual cadence holds. DividendMAX data indicates the pattern is typically March and September ex-dates.

Recent payouts

• March 2026: 39.5c per share (most recent confirmed payout)
• Prior payout: consistent with semi-annual schedule, paid in September 2025 period

Yield details

At the current price around $9.58, the forecast dividend yield of 7.54% implies annual dividends of approximately 72.2c per share. The 39.5c most recent semi-annual payment aligns with this if sustained across both periods. However, the forecast EPS decline of -9.04% raises legitimate questions about whether future payouts match the forecast yield.

MFG share price history

Understanding where MFG has been helps contextualizes where it might go. The stock has traded through a notable range over the past year, with key inflection points tied to earnings results and market sentiment shifts.

Key historical highs and lows

The 52-week range spans $7.52 (low) to $11.80 (high), a band of roughly $4.28 that reflects meaningful volatility. Current trading around $9.58 places MFG roughly in the middle-to-upper portion of that range. The stock traded at 9.62 AUD on 21 April 2026 per Stockopedia data, and at 9.950 AUD on 22 September 2025 per WalletInvestor records.

Volume trends

Average volume sits at 1,041,947 shares, though recent trading has been lighter at approximately 559,624 shares in the most recent session. Volume spikes typically accompany earnings announcements — the February 2026 HY26 results saw MFG jump +5% on elevated volume, per Rask Media reporting.

Major events

• February 2026: HY26 results announcement drove +5% intraday jump, signaling mixed but not entirely disappointing performance.
• March 2026: Dividend payment of 39.5c distributed to shareholders on record.
• April 2026: Stock trading around 9.62 AUD, approaching mid-range of 52-week movement.

For Australian investors specifically, MFG sits in a familiar category: a dividend-paying financial stock offering a high yield that depends on whether the underlying funds management business can stabilize its flows. The 7.54% forecast yield is real and verifiable — but so is the -9.04% EPS growth forecast that puts it at risk. The analyst consensus of roughly 10.39 AUD over the next 12 months suggests modest upside, not a re-rating opportunity. Those buying for income should set clear criteria for what constitutes a dividend cut signal; those buying for capital gains may want to wait for a clearer floor below $8.50 or a catalyst beyond mixed HY26 results.

Related reading: Commonwealth Bank Share Price

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