AUSTRALIA & NEW ZEALAND BANKING GROUP (ANZ)
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ANZ - AUSTRALIA & NEW ZEALAND BANKING GROUP

FNArena Sector : Banks
Year End: September
GICS Industry Group : Banks
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

ANZ Bank is a multinational banking and financial services company. It is the second largest bank by assets and fourth largest bank by market capitalisation in Australia. It has been a listed company since Sept 1969.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.64

25 Jan
2021

0.000

OPEN

$24.64

0.000

HIGH

$24.64

0

LOW

$24.64

TARGET
$25.014 1.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . BEN . BOQ . CBA . NAB . SUN . WBC . GMA . MOC . AFG . MYS . RMC . VUK .
MARKET CONSENSUS FORECAST
ANZ: 1
Title FY19
Actual		 FY20
Actual		 FY21
Forecast		 FY22
Forecast
EPS (cps) xxx 132.7 165.7 xxx
DPS (cps) xxx 60.0 101.1 xxx
EPS Growth xxx - 36.8% 24.9% xxx
DPS Growth xxx - 62.5% 68.6% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 45.2% 61.0% xxx

Dividend yield today if purchased 3 years ago: 2.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.44

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: 09/11 - 35c (100%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

7
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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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

18/12/2020

1

Add

$26.00

5.52%

APRA announced that it will no longer hold banks to a minimum level of earnings retention from the start of 2021, replacing its recommendation in July this year for banks to retain at least half of their earnings.

Morgans interprets the announcement to mean that APRA is now more comfortable with the asset quality outlook of the banks.

However, the broker highlights APRA has said that a high degree of uncertainty remains in the outlook for the operating environment, and that the onus remains on boards to moderate dividend payout ratios to ensure they are sustainable.

The analyst expects the major banks to be able to sustainably operate with dividend payout ratios in the range of 56-83%. If credit growth remains in the current range of 0-3% per annum, then it's considered dividend payout ratios in the range of 78-100% are possible.

Morgans forecasts ANZ Bank will have a dividend payout ratio of 65-70% over the forecast period.

The Add rating is maintained and the target price is increased to $26 from $22.50.

FORECAST
Morgans forecasts a full year FY21 dividend of 127.00 cents and EPS of 196.00 cents.
Morgans forecasts a full year FY22 dividend of 150.00 cents and EPS of 215.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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 >

ANZ STOCK CHART

FNArena News on ANZ

1
Rudi’s View: My Concern And Conviction Calls

Jan 11 2021 - Rudi's View
2
Next Week At A Glance – 14-18 Dec 2020

Dec 11 2020 - Weekly Reports
3
Rudi’s View: Brambles, Orica, Reece and… Tesla

Dec 04 2020 - Rudi's View
4
Rudi’s View: Same But Different, Different But The Same

Nov 26 2020 - Rudi's View
5
The Dilemma For Bank Investors

Nov 18 2020 - Australia

Latest Banks News

1
Westpac Between APRA And A Hard Place

Dec 09 2020 - Australia
2
The Dilemma For Bank Investors

Nov 18 2020 - Australia
3
Bendigo & Adelaide Bank In A Holding Pattern

Oct 28 2020 - Australia
4
Bank Of Qld Outlook Hangs In The Balance

Oct 16 2020 - Australia
5
CBA: Expensive And Justified, Or Maybe Not?

Oct 09 2020 - Australia
6
Australian Banks: Back To The Future

Sep 30 2020 - Feature Stories
7
Bank Of Queensland Veers Conservatively

Sep 30 2020 - Australia
8
Rudi’s View: All Eyes On November 3

Sep 24 2020 - Rudi's View
9
Bank Recovery Likely To Be Drawn Out

Sep 15 2020 - Australia
10
Weekly Ratings, Targets, Forecast Changes – 07-08-20

Aug 10 2020 - Weekly Reports