MACQUARIE GROUP LIMITED (MQG)
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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 an Australian multinational investment bank and financial services company operating in 25 countries. It is one of the world's largest infrastructure asset managers with over $495bn in AUM. It was founded in 1969 and listed in November 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$232.00

14 Apr
2026

8.260

OPEN

$227.90

3.69%

HIGH

$233.30

890,451

LOW

$226.60

TARGET
$240.704 3.8% 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 . IFL . IFT . IRE . KAM . KSL . MAF . MFG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
MQG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 979.4 1130.9 xxx
DPS (cps) xxx 650.0 718.5 xxx
EPS Growth xxx 6.9% 15.5% xxx
DPS Growth xxx 1.6% 10.5% xxx
PE Ratio xxx N/A 20.8 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 66.4% 63.5% xxx

Dividend yield today if purchased 3 years ago: 3.61%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.76

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: 17/11 - ex-div 280c (franking 35%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx979.4
DPS All xxxxxxxxxxxxxxx650.0
Sales/Revenue xxxxxxxxxxxxxxx32,008.0 M
Book Value Per Share xxxxxxxxxxxxxxx9,696.3
Net Operating Cash Flow xxxxxxxxxxxxxxx2,878.0 M
Net Profit Margin xxxxxxxxxxxxxxx11.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.41 %
Return on Invested Capital xxxxxxxxxxxxxxx2.95 %
Return on Assets xxxxxxxxxxxxxxx0.84 %
Return on Equity xxxxxxxxxxxxxxx10.41 %
Return on Total Capital xxxxxxxxxxxxxxx1.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-374.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx69,177 M
Long Term Debt xxxxxxxxxxxxxxx88,270 M
Total Debt xxxxxxxxxxxxxxx157,447 M
Goodwill - Gross xxxxxxxxxxxxxxx1,159 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx92,964 M
Price To Book Value xxxxxxxxxxxxxxx2.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,065.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.33 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,947 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx80,760 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

0.6

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

01/04/2026

1

Buy

$255.00

9.91%

Ord Minnett highlights Macquarie Group's sale of its OnStream smart meter platform, expected to generate around $900m, or $800m post-costs, for the Commodities and Global Markets division (approximately $400m after tax).

The broker raises its FY26 EPS forecast by 8.1% following the transaction, while leaving outer-year estimates unchanged.

Higher collective provisions have been incorporated to reflect credit risk in the software sector, though increased market volatility is expected to support commodities trading revenue.

Ord Minnett retains a Buy rating and $255 target.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

14/04/2026

1

Buy

$240.00

3.45%

Ahead of the bank reporting season Jarden observes volumes should be strong while initial rate rises will support net interest margins and will not hurt treasury and markets. Asset quality has been benign.

The broker suspects banks will likely promote the AI efficiency dividend but will remain cautious about revenue pressure from both agentic AI and Stablecoins. Blockchain presents a material efficiency dividend as well, the broker adds.

Jarden expects all four divisions of Macquarie Group will show strong results and inaugural FY27 guidance is keenly anticipated.

Jarden retains a Buy rating and $240 target for Macquarie Group.

FORECAST
Jarden forecasts a full year FY26 dividend of 700.00 cents and EPS of 1091.40 cents.
Jarden forecasts a full year FY27 dividend of 830.00 cents and EPS of 1296.40 cents.
Access Extra Coverage Research History >

MQG STOCK CHART

FNArena News on MQG

1
Australian Broker Call *Extra* Edition – Apr 14, 2026

Apr 14 2026 - Daily Market Reports
2
Next Week At A Glance – 13-17 Apr 2026

Apr 10 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Apr 09, 2026

Apr 09 2026 - Daily Market Reports
4
Next Week At A Glance – 7-10 Apr 2026

Apr 03 2026 - Weekly Reports
5
Opportunity In ‘Mini Macquarie’ Weakness

Mar 31 2026 - Small Caps

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