Jefferies Financial Group Comments on Macquarie Group Limited’s FY2023 Earnings (OTCMKTS:MQBKY)

Macquarie Group Limited (OTCMKTS:MQBKYGet Rating) – Investment analysts at Jefferies Financial Group lowered their FY2023 earnings per share estimates for shares of Macquarie Group in a note issued to investors on Thursday, July 28th. Jefferies Financial Group analyst B. Johnson now forecasts that the company will earn $7.76 per share for the year, down from their previous forecast of $8.02. Jefferies Financial Group also issued estimates for Macquarie Group’s FY2024 earnings at $8.64 EPS and FY2025 earnings at $9.59 EPS.

Separately, Citigroup cut Macquarie Group from a “buy” rating to a “neutral” rating and set a 187.00 price target for the company. in a research note on Monday, May 9th.

Macquarie Group Trading Up 0.9 %

Shares of MQBKY stock opened at $127.82 on Monday. Macquarie Group has a twelve month low of $109.36 and a twelve month high of $157.69. The stock has a fifty day simple moving average of $120.30 and a two-hundred day simple moving average of $133.22.

Macquarie Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, July 14th. Investors of record on Monday, May 16th were given a $0.9727 dividend. This represents a dividend yield of 3.63%. The ex-dividend date of this dividend was Friday, May 13th.

About Macquarie Group

(Get Rating)

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.

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Earnings History and Estimates for Macquarie Group (OTCMKTS:MQBKY)

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