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The latest update is out from Macquarie Group Limited ( (AU:MQG) ).
Macquarie Group Limited has completed the acquisition of ordinary shares required for its 2025 profit share and promotion awards under the Macquarie Group Employee Retained Equity Plan (MEREP Awards). The company purchased approximately $A686 million worth of shares, with $A599 million acquired off-market and $A87 million on-market. This acquisition will determine the number of MEREP Awards staff receive. Additionally, a proposal for shareholder approval of Restricted Share Units (RSUs) allocation to the CEO has been lodged, with the acquisition price set at $A209.72 per share for 67,590 RSUs.
The most recent analyst rating on (AU:MQG) stock is a Hold with a A$191.00 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 company based in Sydney, Australia. It operates in various sectors including banking, financial advisory, investment, and funds management, with a focus on delivering a range of services to institutional, corporate, and retail clients worldwide.
Average Trading Volume: 929,056
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$77.54B
For detailed information about MQG stock, go to TipRanks’ Stock Analysis page.