Macquarie Group Limited (MQG) AI Stock Analysis

• Market Cap: $71.40B
• Dividend Yield: 3.27%
• Average Volume (3M): 858.61K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 1.49
• Revenue Growth: 3.65%
• EPS Growth: 1.58%
• Country: AU
• Employees: 21,270
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 4.37
• Shares Outstanding: 381,138,430
• 10 Day Avg. Volume: 761,473
• 30 Day Avg. Volume: 858,609
• PEG Ratio: 2.86
• Price to Book (P/B): 2.03
• Price to Sales (P/S): 10.60
• P/FCF Ratio: 13.65
• Enterprise Value/Market Cap: 2.06
• Enterprise Value/Revenue: 5.84
• Enterprise Value/Gross Profit: 49.07K
• Enterprise Value/Ebitda: 6.89
• 1Y Price Target: $230.06
• Price Target Upside: 17.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 10.99
• Revenue Forecast (FY): $18.57B

• Rating: 56 Neutral
• Price Target: AU$230.00 ▲(17.75% Upside)
• Action: Reiterated Date: 11/12/25
• Date: Action: Reiterated 11/12/25

Macquarie Group Limited's stock score is primarily influenced by its mixed financial performance and bearish technical indicators. The company's high leverage and inconsistent revenue growth pose risks, while the oversold technical position suggests potential for a rebound. Valuation metrics indicate a potential overvaluation, but the dividend yield provides some investor appeal. The earnings call highlighted strong asset management and banking performance, though challenges remain in commodities and increased expenses.

Positive Factors

Scale in Asset Management

Macquarie Asset Management's near-$1 trillion AUM and a 43% rise in net profit contribution reflect durable scale and fee-earning capacity. Large AUM and performance fees from private markets support recurring management fees and episodic performance fees, underpinning multi-year earnings stability.

Banking deposit and loan growth

Strong growth in loans and deposits signals durable retail funding and expanding lending margins. A growing home-loan portfolio and higher deposit balances improve net interest income resilience and reduce reliance on wholesale funding, supporting stable medium-term cash generation.

Capital buffer / funded balance sheet

A meaningful capital surplus above regulatory minima provides a structural buffer against market stress, supports ongoing deployments and dividend policy, and reduces the likelihood of near-term capital raises, preserving strategic optionality and investor confidence over the medium term.

Negative Factors

High leverage

Substantial leverage increases sensitivity to funding cost shocks and market dislocations. Even if typical for capital markets, elevated debt levels can amplify earnings volatility, constrain capital allocation during downturns, and increase regulatory and refinancing risk over the next several quarters.

Commodities & markets exposure

A 15% drop in contribution highlights structural sensitivity to commodity cycles and client flow volumes. Persistent subdued commodities demand and higher operating costs can pressure trading-related earnings and margins, creating ongoing volatility in group profitability across market cycles.

Asset impairments

Material impairments on green infrastructure indicate execution and valuation risk in real-asset investments. Such write-downs erode capital and can depress returns on invested capital, signaling potential for further write-downs in stressed sectors and higher scrutiny on future green asset investments.

Macquarie Group Limited Business Overview & Revenue Model

Company Description

Macquarie Group Limited provides diversified financial services in Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through four segments: Macquarie Asset Management (MAM), Banking and Financial Services (BFS), Commodities and Global Markets (CGM), and Macquarie Capital. The MAM segment provides investment solutions to clients across various capabilities in private markets and public investments, including infrastructure, green investments, agriculture and natural assets, real estate, private credit, asset finance, equities, fixed income, and multi-asset solutions. The BFS segment offers personal banking products comprising home loans, car loans, transaction and savings accounts, and credit cards; and wrap platform and cash management, financial advisory, private banking, and stockbroking services, as well as investment and superannuation products. It also provides deposit, lending, and payment solutions and services to business clients, such as sole practitioners to corporate professional firms. The CGM segment provides risk management, lending and financing, capital solutions, market access, and physical execution and logistics to corporate and institutional clients; and specialist finance and asset management solutions. The Macquarie Capital segment provides advisory and capital raising services. It is also involved in facilitation, and development and investment in infrastructure and energy projects and companies; and trading of fixed income, equities, foreign exchange, and commodities, as well as provides broking services, corporate and structured finance, and leasing and underwriting services. Further, the company engages in the distribution and management of funds and wealth management products. Macquarie Group Limited was founded in 1969 and is headquartered in Sydney, Australia.

How the Company Makes Money

Macquarie Group generates revenue through multiple streams, primarily from its asset management, banking, and commodities divisions. The asset management segment earns fees from managing investments on behalf of clients, while the banking division generates interest income from loans and fees from financial services. The commodities trading segment profits from the buying and selling of various commodities and financial instruments. Additionally, Macquarie benefits from strategic partnerships and joint ventures that enhance its market presence and operational capabilities, further contributing to its earnings. The company's diversified business model allows it to capitalize on different market conditions, ensuring stable revenue growth.

Macquarie Group Limited Financial Statement Overview

Summary

Macquarie Group Limited shows mixed financial performance. The income statement indicates operational challenges with inconsistent revenue growth and negative EBIT margins. The balance sheet reflects a solid capital structure with high leverage typical of the capital markets industry, balanced by strong equity returns. Cash flow analysis reveals improvement in operational efficiency but highlights historical volatility.

Income Statement

The income statement shows mixed results. Gross Profit Margin is strong, as gross profit equals total revenue due to the nature of financial services. However, the company demonstrated a significant negative EBIT margin in the latest period, indicating operational challenges. Net Profit Margin remains positive, reflecting some efficiency in managing non-operating expenses. Revenue growth has been inconsistent, with a sharp decline in the latest period compared to the previous year, raising concerns about future revenue stability.

Balance Sheet

The balance sheet is robust in terms of equity growth and asset accumulation. The Debt-to-Equity ratio is high, suggesting substantial leverage, which is common in the financial industry but still poses a risk. The Return on Equity is strong, showing effective use of equity to generate profits. The Equity Ratio is stable, indicating a balanced capital structure despite the high debt levels.

Cash Flow

Cash flow from operations turned positive, which is a positive sign after previous negative cash flows, indicating improved operational efficiency. Free cash flow improved significantly, showing strong cash generation capabilities. However, fluctuations in cash flow trends over the years suggest potential volatility.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	25.19B	6.79B	16.91B	19.14B	16.39B	12.92B
Gross Profit	3.00M	6.79B	6.25B	6.56B	6.89B	5.18B
EBITDA	21.37B	20.52B	18.58B	5.19B	8.58B	6.49B
Net Income	3.76B	3.71B	3.52B	5.18B	4.71B	3.02B
Balance Sheet
Total Assets	484.22B	445.22B	403.40B	389.41B	399.18B	245.65B
Cash, Cash Equivalents and Short-Term Investments	94.95B	88.04B	83.90B	87.79B	103.57B	15.88B
Total Debt	170.73B	330.19B	269.21B	141.79B	140.47B	85.47B
Total Liabilities	449.02B	409.43B	369.41B	355.31B	370.37B	223.30B
Stockholders Equity	34.56B	35.36B	33.48B	33.16B	28.56B	22.05B
Cash Flow
Free Cash Flow	-1.77B	5.27B	-9.08B	-11.24B	9.57B	-2.40B
Operating Cash Flow	-853.00M	6.33B	-10.86B	-10.42B	10.55B	-1.64B
Investing Cash Flow	-40.20B	-2.34B	-3.88B	-1.23B	-31.13B	-11.13B
Financing Cash Flow	16.59B	-1.94B	-2.99B	33.48B	72.19B	20.41B

Macquarie Group Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 195.33
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MQG, the sentiment is Negative. The current price of 195.33 is below the 20-day moving average (MA) of 206.07, below the 50-day MA of 208.69, and below the 200-day MA of 211.59, indicating a bearish trend. The MACD of -4.23 indicates Positive momentum. The RSI at 40.02 is Neutral, neither overbought nor oversold. The STOCH value of 43.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MQG.

Macquarie Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NWL	64 Neutral	AU$5.28B	-724.26	32.56%	1.45%	28.29%	39.39%
OFX	63 Neutral	AU$142.50M	21.16	9.10%	―	-5.73%	-36.36%
CPU	61 Neutral	$16.69B	11.54	29.52%	2.69%	6.44%	22.38%
MQG	56 Neutral	$71.40B	12.15	10.75%	3.27%	3.65%	1.58%
COG	54 Neutral	AU$278.59M	10.89	12.36%	2.86%	-26.30%	40.12%
PPS	52 Neutral	AU$341.23M	9.65	15.42%	2.81%	24.56%	59.32%

Macquarie Group Limited Corporate Events

Macquarie Bank Boosts Tier 2 Capital With A$1.25bn Subordinated Notes Issue

Macquarie Bank Limited has issued A$1.25 billion of subordinated notes, comprising A$400 million fixed-to-floating rate and A$850 million floating rate instruments, both maturing in August 2036 and exchangeable into Macquarie Group ordinary shares upon a non-viability event. The subordinated notes qualify as Tier 2 regulatory capital under APRA rules, increasing Macquarie Bank’s total liabilities and Tier 2 Capital by the issue amount, thereby strengthening the group’s regulatory capital position and funding flexibility.

The issue sits under Macquarie Bank’s A$10 billion Subordinated Tier 2 Debt Instrument Programme and is intended to support ongoing compliance with capital requirements while offering investors exposure to subordinated bank debt with equity conversion features. By lodging the required cleansing notice, Macquarie enables any Macquarie Group ordinary shares issued on exchange of the notes to be on-sold to retail investors without further disclosure, facilitating secondary market liquidity and broadening potential investor participation over time.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$223.52 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Web Travel Group

Macquarie Group Limited has lodged a formal notice that it and a broad range of its controlled entities have ceased to be a substantial holder in Web Travel Group Limited. The filing, signed by an assistant company secretary on 11 February 2026, updates the market on changes in Macquarie’s relevant interests and associations in relation to Web Travel Group’s voting securities, signalling a reduced ownership or influence position in the company.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Tabcorp

Macquarie Group Limited and its controlled entities have lodged a notice with Tabcorp Holdings stating they have ceased to be a substantial holder in the Australian wagering and gaming company. The filing, signed by company secretary Simone Kovacic and dated 10 February 2026, indicates that Macquarie’s relevant interest in Tabcorp’s voting securities has fallen below the substantial holding threshold, signaling a reduction in its investment exposure and potential influence over Tabcorp’s corporate decisions.

The notice lists Macquarie Group and a wide range of its controlled bodies corporate as associates, confirming that the change applies across the group structure rather than a single entity. While detailed transaction data and legal agreement terms are contained in annexures, the overall disclosure clarifies Macquarie’s diminished stake in Tabcorp, which may be relevant for shareholders tracking institutional ownership dynamics and the shifting composition of Tabcorp’s investor base.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Exits Substantial Holder Position in Sandfire Resources

Macquarie Group Limited and its controlled entities have lodged a statutory notice indicating they have ceased to be a substantial holder in Sandfire Resources Limited. The filing, dated 10 February 2026, reflects changes in Macquarie’s relevant voting interests and associations in Sandfire, formally updating the market under Australian corporate disclosure rules.

The notice also outlines that Macquarie Group and a broad network of controlled corporate bodies have altered their association status in relation to Sandfire’s voting securities. This change signals a reduction in Macquarie’s influence over Sandfire’s shareholder base and may slightly reshape the mining company’s register, with potential implications for governance dynamics and future corporate actions.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Outlines Funding Profile and Balance Sheet Strategy in 2026 Briefing

Macquarie Group Limited has released an operational briefing dated 10 February 2026, providing updated background on its financial performance, financial position, and funding profile as at 31 December 2025. The presentation emphasises that the information is general in nature, may draw on unverified public sources, and is not intended as investment advice or an offer of securities.

A key focus of the briefing is Macquarie’s active management of its funded balance sheet to maintain structural integrity, strengthen liquidity, and support its overall funding position. The group also reiterates the risk profile of its activities, highlights the absence of deposit guarantees from Macquarie Bank Limited for other group entities, and underscores that investments involve potential delays in repayment and risk of loss for stakeholders.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$210.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie lifts divisional profits and keeps strong capital buffer in 3Q26

Macquarie Group reported satisfactory trading conditions for the third quarter of FY26, with all four operating divisions posting net profit contributions up on the prior corresponding period. Asset Management earnings surged on gains from the sale of its North American and European public investments business, while Banking and Financial Services benefited from growth in loans and deposits despite margin pressure.

Commodities and Global Markets delivered substantially higher profit driven by stronger asset finance income, and Macquarie Capital recorded higher investment-related income from asset realisations and its expanding private credit portfolio. The group maintained a strong regulatory capital and liquidity position, supporting a cautious but confident outlook as it continues investing in its operating platform and positions for medium-term growth amid volatile global economic and regulatory conditions.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$210.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Treasury Wine Estates

Macquarie Group Limited has lodged a notice indicating it has ceased to be a substantial holder in Treasury Wine Estates Limited, signalling that its aggregate relevant interest in the wine company’s voting securities has fallen below the substantial holding threshold. The filing, signed by an assistant company secretary on 9 February 2026, formalises the change in Macquarie’s position and outlines that the shift relates to Macquarie Group and a wide range of its controlled entities, suggesting a coordinated reduction or restructuring of exposure to Treasury Wine Estates that may marginally alter the company’s institutional investor mix without disclosing specific transaction terms.

The notice also records changes in association among Macquarie Group Limited and its controlled bodies corporate in relation to Treasury Wine Estates’ voting interests, reflecting internal realignments within Macquarie’s investment and holding structures. While the document is largely administrative, the adjustment underscores Macquarie’s active portfolio management across its global subsidiaries and may signal evolving capital allocation priorities within its funds and investment platforms.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$210.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Service Stream

Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Service Stream Limited, ending a previously disclosed significant shareholding position in the company. The filing, signed by Assistant Company Secretary Olivia Shepherd and dated 6 February 2026, details changes in relevant interests and associations across a wide network of Macquarie-controlled corporate vehicles, underscoring an unwinding or reduction of Macquarie’s investment exposure to Service Stream and potentially altering the shareholder landscape and influence dynamics at the listed infrastructure services provider.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$225.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Shareholder in EDU Holdings

Macquarie Group Limited has lodged a regulatory notice confirming that it and its controlled entities have ceased to be substantial shareholders in EDU Holdings Limited, indicating that their relevant interest in the company’s voting securities has fallen below the substantial holding threshold. The filing, signed by Assistant Company Secretary Olivia Shepherd on 5 February 2026, formalises Macquarie’s exit as a major holder and is accompanied by an extensive list of Macquarie-controlled entities, underscoring the breadth of the group’s corporate structure and the unwinding of any associated voting influence in EDU Holdings.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$225.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Adds Independent Non-Executive Director William Vereker to Board

Macquarie Group Limited has appointed William Vereker as an independent Group-only non-executive director, effective 1 February 2026, reinforcing the board’s independent oversight of the diversified financial services group. According to the initial director’s interest notice filed with the ASX, Vereker holds no relevant interests in Macquarie securities or related contracts at the time of his appointment, signaling a clean independence profile that may support governance standards and investor confidence.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Corrects Substantial Holder Notice in Aura Energy After Data Error

Macquarie Group Limited has issued a correction regarding a previously lodged notice of change of interests in Aura Energy Limited, clarifying that an earlier substantial holder notice filed on 18 December 2025 was submitted in error due to incorrect market data. The firm now confirms that its holding in Aura Energy as of 15 December 2025 was 13.74%, which falls below the threshold that would require a substantial holder notice, and has apologized for any confusion caused, underscoring its compliance focus and the importance of accurate market disclosures for investors and regulators.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Sandfire Resources

Macquarie Group Limited and its controlled entities have notified Sandfire Resources Limited that they have ceased to be a substantial holder in the mining company, lodging a formal notice of cessation of substantial holding dated 28 January 2026 under Australian corporations law. The filing, executed by Assistant Company Secretary Olivia Shepherd, outlines changes in Macquarie’s relevant interests and associations in Sandfire’s voting securities, and lists a broad network of Macquarie-controlled entities across multiple jurisdictions, underscoring the scale and complexity of its corporate structure even as its direct substantial shareholding influence in Sandfire is reduced.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases to Be Substantial Holder in Pantoro Gold

Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Pantoro Gold Limited, indicating that their relevant voting interest in the ASX-listed gold company has fallen below the substantial holding threshold. The filing, signed by Assistant Company Secretary Olivia Shepherd and supported by an extensive list of Macquarie-controlled entities, signals a material reduction or exit of Macquarie’s position in Pantoro, which may alter the miner’s share register dynamics and reduce Macquarie’s influence over corporate decisions, with potential implications for both Pantoro’s investor base and Macquarie’s portfolio allocation in the resources sector.

The most recent analyst rating on (AU:MQG) stock is a Buy with a A$235.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Withdraws as Substantial Holder in Beetaloo Energy Australia

Macquarie Group Limited has lodged a notice stating that it and its controlled entities have ceased to be a substantial holder in Beetaloo Energy Australia Limited, formally recording a change in their relevant voting interests under Australian Corporations Act disclosure rules. The filing, signed by Assistant Company Secretary Olivia Shepherd and supported by an extensive list of controlled bodies corporate, clarifies changes in association and voting interests, signalling a withdrawal or material reduction of Macquarie’s significant stake in Beetaloo and potentially altering the ownership and influence dynamics around the energy company for other investors and stakeholders.

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.

Macquarie Extends On-Market Share Buy-Back to November 2026

Macquarie Group Limited has updated the terms of its on-market share buy-back for its ordinary fully paid shares, extending the program so it can continue purchasing stock on the ASX until 6 November 2026. The extension of the buy-back, initially notified in November 2023 and previously updated in November 2025, signals the group’s ongoing capital management strategy and may support earnings per share and capital efficiency, with implications for shareholder returns and the company’s longer-term balance sheet optimisation.

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.

Macquarie Group Ceases to Be Substantial Holder in Downer EDI

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.

Macquarie Group Ceases to Be Substantial Holder in Temple & Webster

Macquarie Group Limited and its controlled entities have lodged a notice stating they have ceased to be a substantial holder in Temple & Webster Group Limited, the ASX-listed online furniture and homewares retailer. The filing, signed by company secretary Simone Kovacic and dated 16 January 2026, outlines changes in Macquarie’s relevant interests and associations in Temple & Webster securities since a prior notice in December 2025, indicating that Macquarie’s aggregate holding has fallen below the substantial shareholder threshold. The move signals a withdrawal of Macquarie as a major shareholder, potentially altering Temple & Webster’s register composition and reducing Macquarie’s direct influence over voting outcomes at the company, while also reflecting ongoing portfolio adjustments across Macquarie’s extensive global investment management platforms.

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.

Macquarie Group Ceases to Be Substantial Holder in Tabcorp

Macquarie Group Limited has lodged a notice stating that it and its controlled entities have ceased to be a substantial holder in Australian wagering and gaming company Tabcorp Holdings Limited. The filing, signed by Assistant Company Secretary Olivia Shepherd and dated 15 January 2026, formalises changes in relevant interests and associations in Tabcorp’s voting securities, indicating that Macquarie’s aggregate stake has fallen below the substantial holder threshold, which may signal a strategic repositioning of its exposure to the stock and could modestly alter Tabcorp’s shareholder mix and governance dynamics.

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.

Macquarie Group Ceases to Be Substantial Holder in Downer EDI

Macquarie Group Limited has lodged a notice stating that it and its controlled entities have ceased to be a substantial holder in Downer EDI Limited, formally updating the market on changes to their relevant interests and associations in the engineering and infrastructure company. The filing, signed by an assistant company secretary on 15 January 2026, details that Macquarie Group Entities have adjusted their voting interests and clarified their status and relationships as associates, signalling a reduced ownership stake and potentially lower influence over Downer EDI’s corporate decisions while underscoring Macquarie’s ongoing role as a complex, globally diversified investment group with numerous controlled 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.

Macquarie Group Reports Lapse of 10,022 Deferred Share Units

Macquarie Group Limited has notified the market of the cessation of 10,022 deferred share units (ASX code MQGAM) following the lapse of conditional rights attached to these securities as of 31 December 2025. The lapse reflects that the specified conditions for vesting were not met or became incapable of being satisfied, indicating an orderly adjustment to the company’s equity-based remuneration or capital structure rather than a change to its core operations, with limited direct impact expected for external shareholders beyond a minor reduction in potential future share issuance.

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.

Macquarie Issues 91,433 New Ordinary Shares Following Conversion of Unquoted Securities

Macquarie Group Limited has notified the Australian Securities Exchange of the issue of 91,433 fully paid ordinary shares, following the conversion or exercise of previously unquoted options or other unquoted convertible securities, with an effective issue date of 31 December 2025. The additional ordinary shares modestly increase the company’s equity base and free float, reflecting the ongoing operation of its equity-based incentive or financing arrangements and marginally diluting existing shareholders while expanding the pool of listed securities available to investors.

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.

Macquarie Group Ceases to Be Substantial Holder in Sandfire Resources

Macquarie Group Limited has lodged a formal notice that it has ceased to be a substantial shareholder in Sandfire Resources Limited, with the change effective as of 7 January 2026. The filing, made under Australia’s Corporations Act, details changes in relevant interests and associations through a broad suite of Macquarie-controlled entities globally, and is signed by Assistant Company Secretary Olivia Shepherd. The move marks a reduction in Macquarie’s disclosed influence over Sandfire’s voting securities and may alter the shareholder and governance dynamics at the resources company, although precise transaction details are contained in annexures to the notice.

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.

Macquarie Group Withdraws as Substantial Holder in Alligator Energy

Macquarie Group Limited has lodged a notice stating it has ceased to be a substantial holder in Alligator Energy Limited, formally recording a change in its relevant voting interests and associations in the ASX-listed company. The filing, signed by Company Secretary Simone Kovacic, details that Macquarie Group and its extensive network of controlled bodies corporate are no longer substantial shareholders, signalling a withdrawal or significant reduction of its equity exposure to Alligator Energy and reflecting an adjustment in Macquarie’s investment positioning within the sector.

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.

Macquarie Group Withdraws as Substantial Holder in Metal Powder Works

Macquarie Group Limited has filed a notice that it has ceased to be a substantial holder in Metal Powder Works Limited, formally updating its relevant interest in the company’s voting securities under Australia’s Corporations Act disclosure regime. The filing, signed by company secretary Simone Kovacic and effective 6 January 2026, outlines that Macquarie Bank Limited and a broad network of Macquarie-controlled entities are no longer substantial shareholders, signalling an adjustment to Macquarie’s investment exposure to Metal Powder Works and potentially altering the investee’s shareholder base and governance dynamics.

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.

Macquarie Group Ceases to Be Substantial Holder in Elsight Limited

Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Elsight Limited, indicating their voting power in the ASX-listed company has fallen below the substantial holding threshold. The filing, signed by Assistant Company Secretary Olivia Shepherd, details that there have been changes in Macquarie’s relevant interests and associations in relation to Elsight’s voting securities, signaling an exit or significant reduction of Macquarie’s investment exposure to Elsight and a potential shift in the shareholder base of the technology company.

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.

Macquarie Group Exits Substantial Holder Position in Jumbo Interactive

Macquarie Group Limited and its controlled entities have lodged a formal notice that they have ceased to be a substantial holder in Jumbo Interactive Limited as at 31 December 2025, updating the market on changes to their relevant interest and voting power in the lottery and gaming-focused company. The filing, signed by Assistant Company Secretary Olivia Shepherd on 6 January 2026, details the change in Macquarie’s association and controlled corporate structures in relation to Jumbo Interactive, underscoring an unwinding or reduction of a previously significant investment position that may signal a shift in Macquarie’s portfolio allocation and influence over the target company.

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.

Macquarie Group Ends Substantial Shareholding in Tabcorp

Macquarie Group Limited has notified Tabcorp Holdings Limited that it has ceased to be a substantial shareholder, lodging a formal notice of ceasing to be a substantial holder under Australian corporations law. The filing, signed by company secretary Simone Kovacic and effective from 22 December 2025, details changes in relevant interests and associations across Macquarie’s extensive network of controlled entities, underscoring a complete exit from a substantial voting position in Tabcorp and signalling an adjustment to Macquarie’s exposure to the Australian wagering and gaming sector.

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.

Macquarie Group Sets March 2026 Distribution on MQGPE Capital Notes

Macquarie Group Limited has declared a quarterly distribution of AUD 1.4199 per security on its listed capital notes MQGPE, which are perpetual, non-cumulative, floating-rate instruments paying a margin of 2.90% over the 3-month bank bill swap rate. The distribution, relating to the period ending 17 March 2026, will be paid on 18 March 2026 to security holders on the register as of 3 March 2026, with the notes trading ex-distribution from 2 March 2026, providing income visibility for investors in Macquarie’s hybrid capital securities and underscoring the group’s ongoing use of these instruments in its capital structure.

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.

Macquarie Group Adjusts Equity Holdings in Tabcorp

Macquarie Group Limited has announced that it ceased to be a substantial holder in Tabcorp Holdings Limited. This change signifies an update to the group’s equity holdings strategy, potentially impacting its investment approach and signaling a shift in focus for stakeholders. The move might affect Tabcorp shareholders and the broader market, as it denotes a realignment of Macquarie’s portfolio priorities.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Reduces Holdings in Bravura Solutions

Macquarie Group Limited announced that it has ceased to be a substantial holder of Bravura Solutions Limited. This signifies a reduction in Macquarie’s interest in the voting securities of the company, signaling a potentially strategic portfolio adjustment. The move could have implications for both companies’ stakeholders and highlights Macquarie’s ongoing evaluation of its investment strategies.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Announces New Dividend Distribution

Macquarie Group Limited announced a new dividend distribution for its security MQGPG, with a distribution amount of AUD 1.3793. The dividend is related to a quarterly period ending on March 15, 2026, with the record date set for February 27, 2026, and payment scheduled for March 16, 2026. This announcement reflects Macquarie’s ongoing commitment to providing returns to its stakeholders and may influence investor sentiment and market positioning.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Announces New Dividend Distribution

Macquarie Group Limited has announced a new dividend distribution for its security MQGPF, with a distribution amount of AUD 1.5898. The ex-date for the dividend is set for February 24, 2026, with a record date of February 25, 2026, and payment scheduled for March 12, 2026. This announcement reflects Macquarie’s ongoing financial strategies and may impact its stakeholders by signaling the company’s stable financial performance and commitment to returning value to investors.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Secures Exemption for Share Acquisitions

Macquarie Group Limited has received an exemption from section 259C of the Corporations Act 2001, allowing certain acquisitions of its shares by its own companies. As of December 8, 2025, Macquarie and its controlled entities hold 6.36% of its voting shares, with a significant portion allocated to employee share plans. This exemption facilitates Macquarie’s ability to manage its employee incentive schemes and maintain strategic control over its shareholding structure, potentially impacting its market positioning and stakeholder interests.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Appoints William Vereker to Board

Macquarie Group Limited has announced the appointment of William Vereker as an independent non-executive director, effective February 1, 2026. Vereker’s extensive experience in global financial services and risk management is expected to enhance the board’s capabilities, contributing to the company’s ongoing renewal process and maintaining its effectiveness in overseeing Macquarie’s global business operations.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Updates Interim Dividend Allocation

Macquarie Group Limited has announced an update regarding its interim dividend distribution, with ordinary shares allocated at AUD 195.34 per share. This allocation price is based on the arithmetic average of the daily volume weighted average price of MQG shares traded on the ASX over eight days. The interim dividend will be paid on December 17, 2025, and relates to the financial period ending September 30, 2025. This announcement reflects Macquarie’s adherence to its Dividend Reinvestment Plan (DRP) rules, potentially impacting shareholder returns and market perception positively.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Ceases Substantial Holding in St George Mining

Macquarie Group Limited has announced that it has ceased to be a substantial holder in St George Mining Limited. This change reflects a shift in Macquarie’s investment strategy or portfolio management, potentially impacting its influence or voting power within St George Mining. The announcement may have implications for stakeholders, including changes in market perception or investor confidence in both companies.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Announces Director’s Interest Change

Macquarie Group Limited has announced a change in the director’s interest notice for Philip M Coffey, involving the redemption of 153,506.08 units of the Walter Scott Global Equity Fund (WSGEF) held on behalf of the Coffey Family Super Fund. This adjustment reflects a strategic financial decision impacting the director’s indirect interests, with no change in the number of Macquarie Group Limited shares held.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Adjusts Investment in Chrysos Corporation

Macquarie Group Limited has announced that it has ceased to be a substantial holder in Chrysos Corporation Limited. This change in holding reflects a shift in Macquarie’s investment strategy, which may impact its market positioning and influence within the financial services sector. Stakeholders of Chrysos Corporation might experience changes in shareholder dynamics as a result of this announcement.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Announces Cessation of Deferred Share Units

Macquarie Group Limited announced the cessation of 14,042 deferred share units due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation reflects an adjustment in the company’s issued capital, which may have implications for stakeholders regarding the company’s equity structure and future financial strategies.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Issues Deferred Share Units in Employee Incentive Plan

Macquarie Group Limited announced the issuance of 14,251 deferred share units as part of an employee incentive scheme. These securities are unquoted and not intended for public trading, reflecting the company’s strategy to incentivize and retain talent within its workforce, potentially enhancing its operational capabilities and market competitiveness.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.

Macquarie Group Adjusts Investment in Sandfire Resources

Macquarie Group Limited has announced that it has ceased to be a substantial holder in Sandfire Resources Limited. This change in holding indicates a shift in Macquarie’s investment strategy, which may impact its market positioning and influence within the industry. Stakeholders and investors might need to reassess their strategies in light of Macquarie’s altered investment stance.

The most recent analyst rating on (AU:MQG) stock is a Hold with a A$212.00 price target. To see the full list of analyst forecasts on Macquarie Group Limited stock, see the AU:MQG Stock Forecast page.