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 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

$239.23

08 May
2026

-2.640

OPEN

$244.20

-1.09%

HIGH

$249.49

1,523,885

LOW

$233.84

TARGET
$247.704

+7.00 change from previous day

 3.5% 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 1256.7 xxx
DPS (cps) xxx 700.0 802.3 xxx
EPS Growth xxx 30.4% - 1.6% xxx
DPS Growth xxx 7.7% 14.6% xxx
PE Ratio xxx N/A 19.0 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 54.8% 63.8% xxx

Dividend yield today if purchased 3 years ago: 3.91%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.92

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 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

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

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

11/05/2026

2

Downgrade to Accumulate from Buy

$255.00

6.59%

Ord Minnett describes a "stellar" FY26 result from Macquarie Group, with earnings comfortably ahead of expectations, driven by standout performances in Commodities and Global Markets and Macquarie Capital.

Outcomes for Macquarie Asset Management and Banking and Financial Services were broadly in line with consensus estimates, according to the broker.

Commentary notes exceptional trading conditions supported earnings.

FY27 guidance points to broadly stable earnings across divisions, albeit dependent on market conditions, the broker cautions.

Management signalled openness to M&A, potentially in private credit, supported by a more conservative capital management approach, Ord Minnett observes.

Ord Minnett retains a $255 target price, and downgrades to Accumulate from Buy on valuation grounds.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

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
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

11/05/2026

1

Buy

$250.00

4.50%

Jarden maintains a Buy rating for Macquarie Group with an unchanged $240.00 target price following a robust second-half result exceeding consensus expectations by 17%.

The broker highlights the business delivered a net profit of $3,192m for the half, driven by strong momentum across all divisions and a strategic transition towards materials and real-world assets over pure financialisation.

Jarden notes short-term guidance across the operating groups remains cautiously positive off a strong base, setting the stage for potential market upgrades.

Key upside risks to the valuation include the potential divestment of the renewable asset portfolio and a recovering geopolitical environment supporting global investments.

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
Australian Broker Call *Extra* Edition – May 11, 2026

May 11 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 08-05-2026

May 08 2026 - Australia
3
April In Review: An Inflection Point

May 06 2026 - Australia
4
Macquarie Shares Poised For New Highs

May 05 2026 - Technicals
5
Australian Broker Call *Extra* Edition – May 04, 2026

May 04 2026 - Daily Market Reports

Latest Wealth Management & Investments News

1
Capital Markets: How AI Is Changing The Game

May 08 2026 - International
2
Weekly Update On LICs & LITs – 06-May-2026

May 06 2026 - Weekly Reports
3
Macquarie Shares Poised For New Highs

May 05 2026 - Technicals
4
Rising Regulatory Risk for Hub24 & Netwealth?

Apr 29 2026 - Australia
5
Too Much Property, Not Enough Equities?

Apr 28 2026 - SMSFundamentals
6
Weekly Update On LICs & LITs – 28-Apr-2026

Apr 28 2026 - Weekly Reports
7
Weekly Update On LICs & LITs – 21-Apr-2026

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

Apr 14 2026 - Weekly Reports
9
Weekly Update On LICs & LITs – 08-Apr-2026

Apr 08 2026 - Weekly Reports
10
Opportunity In ‘Mini Macquarie’ Weakness

Mar 31 2026 - Small Caps