MACQUARIE GROUP LIMITED (MQG)
Share Price Analysis and Chart

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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

$253.75

23 Jul
2026

-1.180

OPEN

$255.62

-0.46%

HIGH

$258.56

739,364

LOW

$251.47

TARGET
$254.76

+3.50 change from previous day

 0.4% upside
Franking for last dividend paid out: 35%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . 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 1274.0 xxx
DPS (cps) xxx 700.0 792.5 xxx
EPS Growth xxx 30.4% - 0.2% xxx
DPS Growth xxx 7.7% 13.2% xxx
PE Ratio xxx N/A 20.0 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 54.8% 62.2% xxx

Dividend yield today if purchased 3 years ago: 3.82%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.74

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

23/07/2026

3

Neutral

$240.00

-5.42%

At first glance, Citi assesses Macquarie Group's first quarter update at today's AGM is broadly in line with expectations. Commodities and Global Markets (CGM) delivered the strongest performance, the broker highlights, benefiting from energy market volatility.

Banking and Financial Services (BFS) guidance was modestly qualified to reflect uncertainty following the Federal Budget's impact on housing activity, the analysts explain.

Little change is anticipated to consensus earnings forecasts, with stronger commodities earnings offsetting softer banking conditions.

The broker believes the appointment of Greg Ward as chief executive, replacing Shemara Wikramanayake, is a logical internal succession that should be well received by investors.

Target $240. Neutral.

FORECAST
Citi forecasts a full year FY27 dividend of 810.00 cents and EPS of 1212.00 cents.
Citi forecasts a full year FY28 dividend of 840.00 cents and EPS of 1302.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

12/05/2026

1

Buy

$250.00

-1.48%

Jarden maintains a Buy rating for Macquarie Group and raises the target price to $250.00 from $240.00 following an "impressive" second-half earnings beat driven by energy market volatility.

The $3,192m cash net profit result cleared consensus expectations by 17%, supported by robust trading, investment gains, and a strong resurgence across all four operating divisions.

A decision to undertake a $1.5bn equity raise is viewed as a prudent capital measure to provide strategic flexibility amid ongoing macroeconomic uncertainties and potential market dislocations.

Looking ahead, constructive guidance was provided for FY27 off a substantially higher earnings base.

Reflecting improved trading performance and higher performance fee expectations, cash earnings per share estimates have been upgraded to 1,415.2c from 1,296.4c in FY27, and to 1,588.1c from 1,430.9c in FY28.

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

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