How much does Magellan stock cost?

That effectively valued the deal price to be $67.5 per share for Magellan, representing a 22% premium from the stock's closing price on its prior trading day. Not surprisingly, Magellan's shares, which closed at $55.41 apiece on May 12, jumped by double-digit percentages after the deal was announced.

Why is the Magellan share price so high?

The recent cascade in the Magellan share price comes as concerns mount over the financial group's underperformance while retaining relatively high fees. For example, the Magellan Global Fund ( ASX: MGF) has returned 12.77% since its inception (in November 2020).

What has happened to Magellan Financial Group Ltd’s share price?

Shares in Australian fund manager Magellan Financial Group Ltd ( ASX: MFG) finished trading on Monday, up 1.27% at $29.49. It’s been a tremulous year for Magellan’s share price, where it has lagged key benchmarks by a considerable amount – a long-term trend that has seen its global equities fund underperform its benchmark by 1.1% over 5 years.