Magellan's Bear Unswayed by Institutional Inflows -- Market Talk

Dow Jones

Jan 08

0037 GMT - Magellan Financial's bear at Macquarie keeps an underperform rating on the Australian wealth manager despite stronger-than-expected institutional inflows. An analyst note from the investment bank flags continuing risk to fiscal 2026 earnings from associate profits and sub-advisory fees. The note acknowledges that A$200 million of the December-quarter institutional net inflows was far better than the consensus forecast of a A$710 million outflow, but this only tempers the scale of the overall outflows that Macquarie now forecasts for the full fiscal year. Macquarie lifts its target price by 1.8% to A$8.55. Shares are down 0.5% at A$9.25. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 07, 2026 19:37 ET (00:37 GMT)

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An analyst note from the investment bank flags continuing risk to fiscal 2026 earnings from associate profits and sub-advisory fees. The note acknowledges that A$200 million of the December-quarter institutional net inflows was far better than the consensus forecast of a A$710 million outflow, but this only tempers the scale of the overall outflows that Macquarie now forecasts for the full fiscal year. Macquarie lifts its target price by 1.8% to A$8.55. Shares are down 0.5% at A$9.25. 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An analyst note from the investment bank flags continuing risk to fiscal 2026 earnings from associate profits and sub-advisory fees. The note acknowledges that A$200 million of the December-quarter institutional net inflows was far better than the consensus forecast of a A$710 million outflow, but this only tempers the scale of the overall outflows that Macquarie now forecasts for the full fiscal year. Macquarie lifts its target price by 1.8% to A$8.55. Shares are down 0.5% at A$9.25. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 07, 2026 19:37 ET (00:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MFG.AU","symbol_name":"MAGELLAN FINANCIAL GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2601838075","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601838075","pubTimestamp":1767832620,"columns":[],"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":"0037 GMT - Magellan Financial's bear at Macquarie keeps an underperform rating on the Australian wealth manager despite stronger-than-expected institutional inflows. An analyst note from the investment bank flags continuing risk to fiscal 2026 earnings from associate profits and sub-advisory fees. The note acknowledges that A$200 million of the December-quarter institutional net inflows was far better than the consensus forecast of a A$710 million outflow, but this only tempers the scale of the overall outflows that Macquarie now forecasts for the full fiscal year. Macquarie lifts its target price by 1.8% to A$8.55. Shares are down 0.5% at A$9.25. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MFG.AU":"MAGELLAN FINANCIAL GROUP LTD","BK7062":"资产管理与托管银行"},"translate_title":"机构资金流入并未动摇麦哲伦的熊市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MFG.AU":0.9},"content_text":"0037 GMT - Magellan Financial's bear at Macquarie keeps an underperform rating on the Australian wealth manager despite stronger-than-expected institutional inflows. An analyst note from the investment bank flags continuing risk to fiscal 2026 earnings from associate profits and sub-advisory fees. The note acknowledges that A$200 million of the December-quarter institutional net inflows was far better than the consensus forecast of a A$710 million outflow, but this only tempers the scale of the overall outflows that Macquarie now forecasts for the full fiscal year. Macquarie lifts its target price by 1.8% to A$8.55. Shares are down 0.5% at A$9.25. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 07, 2026 19:37 ET (00:37 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","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":0,"need_auth":true,"code":"91000000","status":"200"}}}