Macquarie Group Limited
Macquarie Group Limited (MQG) is a global provider of banking, financial, advisory, investment and fund management services, headquartered in Sydney. Macquarie works with institutional, corporate, government and retail clients and counterparties around the world, providing a diversified range of products and services.
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What does Macquarie Group Limited (MQG) do?
Macquarie Group Limited was founded in Sydney (as Hill Samuel Australia Limited). Today Macquarie is a provider of diversified financial services throughout Australia, the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
How does Macquarie Group operate and earn revenue?
Macquarie operates and earns revenue in four business segments.
Macquarie Asset Management (MAM)
MAM provides investment solutions to clients in Private Markets and Public Investments. The segment manages more than A$735.5b.
MAM’s solutions are provided across a range of capabilities including infrastructure, green investments, agriculture and natural assets, real estate, private credit, insurance, asset finance, equities, fixed income and multi-asset solutions.
The MAM segment operates globally.
Banking and Financial Services (BFS)
BFS comprises Macquarie’s retail banking and financial services businesses. For the full-year ended 31 March 2022, BFS deposits arrived at A$98b and funds on platform arrived at A$118.6b.
The BFS segment is made of three divisions: Personal Banking, Wealth Management and Business Banking.
Personal Banking provides retail banking products to clients with home loans, credit cards, transaction and savings accounts and vehicle finance.
Wealth Management provides clients with a wide range of wrap platform and cash management services, investment and superannuation products, financial advice, private banking and stockbroking.
Business Banking provides a full range of deposit, lending and payment solutions, and vehicle financing. It also provides tailored services to business clients, ranging from sole practitioners to corporate professional firms.
Macquarie’s BFS segment operates only in Australia.
Commodities and Global Markets (CGM)
The CGM segment offers capital and financing, risk management, market access, physical execution and logistics solutions to clients across the commodities, financial markets and asset finance sectors.
In FY2022, the CGM segment earned A$3.9b. The segment operates globally.
The Macquarie Capital segment provides advisory and capital raising services globally. It invests alongside partners and clients, provides clients with expert advice and capital solutions across a range of sectors.
Macquarie Capital is also focused on transport, digital and social infrastructure development and investment.
Is Macquarie Group a profitable company?
Yes, Macquarie Group is a profitable company.
The bank’s net income for FY2018, FY2019, FY2020 and FY2021 arrived at A$2.5b, A$2.99b, A$2.73b and A$3.02b, respectively.
In FY2022, Macquarie’s net income was up a whopping 56% from FY2021’s for an annual record of A$4.7b.
Is MQG a good investment?
Fears of inflationary pressures, escalating interest rates and the impacts of geopolitical tensions appear to have overtaken markets worldwide. Macquarie announced exceptional FY2022 financial results on 6 May 2022, with net income up by 56% from FY2021. Still, upon the opening of the ASX, the market dumped MQG shares by over 6%.
Regardless, some long-term buy and hold investors remain excited about the stock due to the strength of its financials and consistent distribution of dividends.
How do I buy MQG stock?
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Does MQG stock pay dividends?
Yes. In fact, MQG’s dividend history goes way back to 2009. Macquarie has not stopped paying them since.
Macquarie also offers its shareholders a dividend reinvestment plan (DRP) to automatically reinvest distributed dividends back into more MQG stock.
When does MQG stock pay dividends?
Macquarie usually pays dividends in July and December of each calendar year.
In 2021, MQG stock paid an interim dividend of A$3.35 in July and a final dividend of A$2.72 in December. The dividend for the year totalled A$6.07 per share.
A dividend of A$3.50 per share was paid on 4 July 2022.
Who owns MQG stock?
The general public owns 68.8% of MQG stock, while institutions hold 30% and individual insiders hold 1.0%.
Institutions with the largest ownership include BlackRock (6.41%), The Vanguard Group (4.73%), UBS Asset Management (4.13%), Norges Bank Investment Management (1.23%), Colonial First State Investments Limited (0.79%), Macquarie Capital Investment Management LLC (0.68%), Argo Investments Limited (0.67%) and Commonwealth Superannuation Corporation (0.66%).
Macquarie Group CEO Shemara Wikramanayake holds 0.27% of all MQG stock.
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This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.