Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Australia
  4. Australian Stock Exchange
  5. Macquarie Group Limited
  6. News
  7. Summary
    MQG   AU000000MQG1

MACQUARIE GROUP LIMITED

(MQG)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Macquarie 1Q Profit Contribution Up on Year -- Update

07/28/2021 | 05:56pm EDT

By Alice Uribe

SYDNEY--Macquarie Group Ltd., Australia's biggest investment bank and asset manager, said trading conditions improved in the first quarter of the 2022 fiscal year.

In comments released ahead of its annual shareholder meeting on Thursday, Macquarie said its operating group net profit contribution for the three months through June--a measure of earnings before some corporate costs, profit share and income tax--was significantly higher than a year earlier.

"We continue to maintain a cautious stance, with a conservative approach to capital, funding and liquidity that positions us well to respond to the current environment," the company said. "Macquarie remains well-positioned to deliver superior performance in the medium term."

Macquarie said the combined contribution of its annuity style businesses to net profit was slightly ahead of a year ago, primarily due to higher average volumes and lower provisions in Banking and Financial Services.

This was partly offset by a reduced contribution from Macquarie Asset Management, given there was no repeat of the gain on sale of the rail operating lease business in the first quarter a year earlier.

For Macquarie's markets-facing businesses, the combined contribution was significantly higher.

The company attributed this to the sale of the U.K. commercial and industrial smart meter portfolio, partly offset by the timing of income recognition on storage and transport contracts in Commodities and Global Markets. Macquarie Capital also recorded significantly higher investment-related income," it said.

The group's financial position comfortably exceeds regulatory minimum requirements, said Macquarie.

It had a capital surplus of 7.4 billion Australian dollars (US$5.5 billion) at June 30, down from A$8.8 billion at March 31 as the group continued to invest. The Bank CET1 level 2 ratio was 12.1%.

Macquarie said it had seen A$3.8 billion growth in capital requirements across all four operating groups since the end of September.

"Operating groups are continuing to seek opportunities to deploy additional capital, provided the projected risk-adjusted returns are attractive for shareholders," said the company.

In order to allow additional flexibility to support business growth, the board said it has lowered the annual dividend payout policy range to 50-70%, from 60-80% before.

Write to Alice Uribe at alice.uribe@wsj.com

(END) Dow Jones Newswires

07-28-21 1956ET

All news about MACQUARIE GROUP LIMITED
06:41aHARDLY EVERGRANDE : China's economy seen needing more support as curbs on property and tec..
RE
09/21MACQUARIE INFRASTRUCTURE : Shareholders Approve Sale of Aviation Unit, Merger of Hawaii Bu..
MT
09/20Karoon looks to grow in Brazil with own oil fields, acquisitions
RE
09/17TURQUOISE HILL RESOURCES : Macquarie Upgrades Turquoise Hill Resources to Outperform From ..
MT
09/17Scientific Games seeks $5 bln lotteries unit IPO in Australia - sources
RE
09/15YUM CHINA : Macquarie Downgrades Yum China Holdings to Underperform Rating From Neutral, A..
MT
09/14ATLANTIA : Autostrade per l'Italia earmarks 250 mln euros for toll refunds
RE
09/14OM : Macquarie Bank Subscribes for 1.5 Million YKGI Holdings Shares
MT
09/10Public Power Completes Tender Process for Hedno Stake
MT
09/10FTSE 100 to Rise After Upbeat Asia Trading
DJ
More news
Analyst Recommendations on MACQUARIE GROUP LIMITED
More recommendations
Financials
Sales 2022 13 786 M 9 976 M 9 976 M
Net income 2022 3 396 M 2 458 M 2 458 M
Net Debt 2022 65 734 M 47 569 M 47 569 M
P/E ratio 2022 19,3x
Yield 2022 3,20%
Capitalization 61 055 M 44 336 M 44 183 M
EV / Sales 2022 9,20x
EV / Sales 2023 11,3x
Nbr of Employees 16 459
Free-Float 92,6%
Chart MACQUARIE GROUP LIMITED
Duration : Period :
Macquarie Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MACQUARIE GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 172,58 AUD
Average target price 176,93 AUD
Spread / Average Target 2,52%
EPS Revisions
Managers and Directors
Shemara Wikramanayake Chief Executive Officer, MD & Executive Director
Alex H. Harvey CFO & Head-Financial Management Group
Peter Hastings Warne Independent Chairman
Nicole Sorbara COO & Head-Corporate Operations Group
Diane Jennifer Grady Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
MACQUARIE GROUP LIMITED24.62%43 952
NATIXIS0.00%15 086
EQUITABLE HOLDINGS, INC.9.50%11 553
JEFFERIES FINANCIAL GROUP INC.45.94%8 817
SBI HOLDINGS, INC.10.95%6 214
FIRST CAPITAL SECURITIES CO., LTD.-26.83%4 796