MACQUARIE GROUP LIMITED (MQG)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MQG

MQG - MACQUARIE GROUP LIMITED

FNArena Sector : Wealth Management & Investments
Year End: March
GICS Industry Group : Diversified Financials
Debt/EBITDA: N/A
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Macquarie Group is a global financial services group with businesses spanning asset management, banking and financial services, commodities and global markets, and advisory/capital markets.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$267.25

06 Aug
2026

0.160

OPEN

$266.50

0.06%

HIGH

$267.91

524,925

LOW

$265.38

TARGET
$254.76 -4.7% downside
Franking for last dividend paid out: 35%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MQG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 1277.0 1264.7 xxx
DPS (cps) xxx 700.0 792.5 xxx
EPS Growth xxx 30.4% - 1.0% xxx
DPS Growth xxx 7.7% 13.2% xxx
PE Ratio xxx N/A 20.9 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 54.8% 62.7% xxx

Dividend yield today if purchased 3 years ago: 3.99%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.65

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/05 - ex-div 420.00c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx1,277.0
DPS All xxxxxxxxxxxxxxx700.0
Sales/Revenue xxxxxxxxxxxxxxx33,558.0 M
Book Value Per Share xxxxxxxxxxxxxxx9,847.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-8,695.0 M
Net Profit Margin xxxxxxxxxxxxxxx13.98 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.14 %
Return on Invested Capital xxxxxxxxxxxxxxx3.73 %
Return on Assets xxxxxxxxxxxxxxx0.95 %
Return on Equity xxxxxxxxxxxxxxx13.14 %
Return on Total Capital xxxxxxxxxxxxxxx1.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-11,631.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx84,542 M
Long Term Debt xxxxxxxxxxxxxxx91,568 M
Total Debt xxxxxxxxxxxxxxx176,110 M
Goodwill - Gross xxxxxxxxxxxxxxx1,349 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx106,395 M
Price To Book Value xxxxxxxxxxxxxxx2.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx586.0 M
Capex % of Sales xxxxxxxxxxxxxxx1.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx5,319 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx117,400 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

24/07/2026

1

Overweight

$273.00

2.15%

Post Macquarie Group's AGM, Morgan Stanley believes earnings risks are tilted to the upside which can continue to underpin a premium valuation rating, as well as above its five-year average.

Management offered no changes to FY27 guidance but the commentary around 1Q has offered a higher degree of confidence to the analyst around the improving revenue outlook for Commodities & Global Markets, MacCap and Asset Management.

EPS forecasts are raised by 5% for FY27 and target price is lifted 4% to $273, from $263.

No change in Overweight rating. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 735.00 cents and EPS of 1266.90 cents.
Morgan Stanley forecasts a full year FY28 dividend of 770.00 cents and EPS of 1304.50 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

27/07/2026

1

Buy

$250.00

-6.45%

Jarden maintains a Buy rating for Macquarie Group with an unchanged target price of $250.00 following the annual general meeting and first-quarter update.

The broker comments trading conditions across divisions remained satisfactory during the June quarter, matching previous earnings expectations.

Management announced the planned retirement of CEO Shemara Wikramanayake, who will be succeeded by current Banking and Financial Services Head Greg Ward.

The division continues to capture market share through digitised offerings, while Macquarie Asset Management has exited low-margin public markets to redirect capital into private markets.

The report concludes Commodities and Global Markets remains well positioned to capture secular growth across global energy and resources complexes.

FORECAST
Jarden forecasts a full year FY27 dividend of 871.00 cents and EPS of 1415.20 cents.
Jarden forecasts a full year FY28 dividend of 982.00 cents and EPS of 1588.10 cents.
Access Extra Coverage Research History >

MQG STOCK CHART

FNArena News on MQG

1
Next Week At A Glance – 10-14 Aug 2026

Aug 07 2026 - Weekly Reports
2
Rudi’s View: That’s The Way Markets Crumble

Aug 06 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 04, 2026

Aug 04 2026 - Daily Market Reports
4
Rudi’s View: TechOne, Banks & Wesfarmers

Jul 30 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 27, 2026

Jul 27 2026 - Daily Market Reports

Latest Wealth Management & Investments News

1
Pinnacle’s FY26 ‘Messy’ But Positive

Aug 07 2026 - Australia
2
Weekly Update On LICs & LITs – 04-Aug-2026

Aug 04 2026 - Weekly Reports
3
Monthly Listed Investment Trust Report – Jul 2026

Aug 03 2026 - Australia
4
AI To Transform Asset Management

Jul 29 2026 - International
5
Weekly Update On LICs & LITs – 28-Jul-2026

Jul 28 2026 - Weekly Reports
6
Navigator Builds Momentum Into FY27

Jul 24 2026 - Small Caps
7
Weekly Update On LICs & LITs – 21-Jul-2026

Jul 21 2026 - Weekly Reports
8
Weekly Update On LICs & LITs – 14-Jul-2026

Jul 14 2026 - Weekly Reports
9
Netwealth Sacrifices Margin For Growth

Jul 10 2026 - Small Caps
10
Treasure Chest: ASX

Jul 08 2026 - Treasure Chest