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Macquarie Group Limited ( (AU:MQG) ) has issued an update.
Macquarie Group Limited has lodged a formal notice that it has ceased to be a substantial holder in Downer EDI Limited, signalling a reduction in its voting power below the regulatory disclosure threshold. The filing, signed by company secretary Simone Kovacic and supported by extensive annexures listing controlled entities and relevant legal agreements, formalises the end of Macquarie’s substantial shareholding status in the engineering and infrastructure services group, potentially indicating a reallocation of capital or a shift in exposure to the Australian industrials sector for Macquarie and its associated entities.
The most recent analyst rating on (AU:MQG) stock is a Hold with a A$221.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.
More about Macquarie Group Limited
Macquarie Group Limited is a global financial services group headquartered in Sydney, operating through a wide range of controlled entities across Australia, Europe, Asia, and the Americas. Its activities span investment banking, asset management, infrastructure and renewable energy investment, specialist lending, and related financial services, often executed via a complex network of subsidiaries and special purpose vehicles.
YTD Price Performance: 4.26%
Average Trading Volume: 702,035
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$77.44B
Learn more about MQG stock on TipRanks’ Stock Analysis page.