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

$247.94

09 Nov
2026

-0.920

OPEN

$251.75

-0.37%

HIGH

$252.00

1,008,282

LOW

$241.63

TARGET
$259.93

+0.80 change from previous day

 4.8% upside
Franking for last dividend paid out: 35%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BJY . BVS . CGF . DJW . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . L1G . MAF . 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 1350.2 xxx
DPS (cps) xxx 700.0 731.0 xxx
EPS Growth xxx 30.4% 5.7% xxx
DPS Growth xxx 7.7% 4.4% xxx
PE Ratio xxx N/A 18.6 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 54.8% 54.1% xxx

Dividend yield today if purchased 3 years ago: 4.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.78

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

09/11/2026

3

Hold

$257.65

3.92%

Morgans raises its target for Hold-rated Macquarie Group to $257.65 from $255.80 following record first-half FY27 profit of $2.48bn, up 50% and 6% ahead of consensus.

The broker highlights strong commodities trading and client hedging activity, with Commodities and Global Markets earnings exceeding consensus by 25%.

However, commentary explains a lower tax rate and asset-sale gains boosted the result, while Macquarie Capital disappointed.

Morgans considers the stock fairly valued at around 19 times earnings, particularly given the cyclical nature of trading profits.

FORECAST
Morgans forecasts a full year FY27 dividend of 799.00 cents and EPS of 1324.00 cents.
Morgans forecasts a full year FY28 dividend of 924.00 cents and EPS of 1372.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

10/11/2026

1

Buy

$250.00

0.83%

Jarden reiterates its Buy rating for Macquarie Group with its target price decreased to $250.00, observing a significant leadership transition during the first half of 2027.

The analyst expects business as usual to largely continue under a bottom-up strategy, though anticipates a sharper focus on costs, capital, and technology driven by the new leadership's prior experience.

Jarden notes FY27 guidance remains constructive, supported by growth in the Commodities and Global Markets division offsetting declines in Macquarie Capital.

The analyst views gyrations and uncertainties across domestic and global markets as creating ongoing buying opportunities.

Jarden adjusts its earnings composition, resulting in a -1% reduction to cash earnings forecasts for FY28 and FY29.
Access Extra Coverage Research History >

MQG STOCK CHART

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1
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2
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