Macquarie Group Limited
Macquarie is a diversified financial group providing clients with asset management and finance, banking, advisory and risk and capital solutions across debt, equity and commodities.
The diversity of our operations, combined with a strong capital position and robust risk management framework, has contributed to our 50-year record of unbroken profitability.
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News
Stokes’ bid for Boral hits road bump
Kerry Stokes’ Seven Group Holdings (ASX:SVW), hoping for an easy mop-up bid for the rest of Boral (ASX:BLD), has hit heavy going with the target company telling shareholders on Tuesday to reject the offer.
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Macquarie Group faces profit decline
Macquarie Group (ASX:MQG), renowned for its ‘annuity’ style businesses in asset management, finds itself grappling with a significant decline in profit for the fiscal year ending March 31.
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Macquarie Group slashes interim dividend by 15%
Macquarie Group (ASX:MQG) has reduced its interim dividend by 15% to $2.55 per share, down from the $3 per share paid in the first half of 2022-23 due to a significant 38% decline in interim earnings.
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Macquarie Group’s ‘Millionaire’s Factory’ suffers amid mass layoffs
Judging by the flood of news late Wednesday about mass sackings across Macquarie Group (ASX:MQG), the investment bank's interim results on Friday must be very grim.
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Analyst Views
MQG – Credit Suisse rates the stock as Neutral
The Neutral rating is retained as earnings may be approaching peak levels, estimates the broker. The target price rises to $210 from $195.
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MQG – Morgans rates the stock as Hold
Morgans raises its target price to $200 from $181.1 due to a lift in long-term growth assumptions and a valuation adjustment. The Hold rating is unchanged after a strong recent share price rally.
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MQG – Morgans rates the stock as Hold
With the stock running hard and now trading on 20x FY22 PE it is close to fair value and the broker downgrades to Hold from Add. Target is raised to $181.10 from $172.30.
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MQG – Citi rates the stock as Sell
Citi maintains a Sell rating as the valuation and expectations appear stretched near-term. Despite this, Citi raises the target to $140 from $125.
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