MQG Share Price: Live ASX Quote, Forecast & Analysis

Macquarie Group (ASX:MQG) has built a reputation for generous dividends and capital resilience that draws income-focused investors back year after year. Right now, however, those same investors are weighing a split verdict: the analyst community is genuinely divided on MQG’s near-term prospects, and the stock has retreated from a July 2025 peak. Whether Macquarie is still worth holding depends largely on which analyst signals you weight most heavily.

Current Price: $239.880 · Today’s Change: -$0.120 (-0.05%) · Volume: 1,779,723 · Day High: $241.50 · 52 Week High: $241.50

Key MQG metrics at a glance

Five data points, one pattern: every valuation anchor sits within striking distance of the current price.

Is MQG a buy, sell, or hold?

Analyst ratings

The first thing investors notice is how differently professional platforms read the same MQG story. Investing.com compiles a poll of 12 analysts over the past 3 months and arrives at a Buy consensus: 5 Buy, 6 Hold, and 1 Sell. TradingView draws on the same analyst pool and lands the same conclusion, with 4 of those 12 votes classified as Strong Buy. Both platforms call the overall rating Buy. Flip over to TipRanks, and the picture shifts: their MQG consensus across 8 analysts registers as Hold, with a split of 2 Buy, 4 Hold, and 2 Sell. The discrepancy is real, and it is not trivial — a reader relying on one platform would make a different call than one reading all three.

Price targets

Price targets narrow the picture further. Investing.com places the average 12-month target at 211.49 AUD, with a high of 240 AUD and a low of 195 AUD — the lowest floor among all platforms. TipRanks runs higher at an average of 222.18 AUD (high 255 AUD, low 200 AUD). Alpha Spread (which aggregates Wall Street estimates) shows 236.28 AUD on average, with a high of 267.75 AUD and low of 210.82 AUD. Fintel reports a similar average of 240.17 AUD (high 267.75 AUD, low 212.10 AUD). Stockopedia updates most recently and places the consensus target at 240.64 AUD — just 0.32% above the last close of 239.88 AUD.

The widest bullish ceiling belongs to TradingView, which registers a price target of 243.72 AUD with a maximum of 270.00 AUD and minimum of 220.00 AUD. Notably, JPMorgan analyst Andrew Triggs upgraded MQG from Neutral to Overweight with a target of 241.00 AUD — a significant jump from his prior target of 207.00 AUD — suggesting at least one major-house analyst sees meaningful upside from current levels.

JPMorgan analyst Andrew Triggs upgraded Macquarie Group Ltd. (MQG:AU) from Neutral to Overweight with a price target of AUD 241.00 (from AUD 207.00).

According to TipRanks, which tracks the same MQG rating cycle, Andrew Triggs’ upgrade reflects a fundamental thesis change rather than a minor adjustment. That upgrade sits at the heart of the bullish case and explains why TradingView and Fintel both register Buy consensus targets near 240–243 AUD.

What is the ex dividend date for MQG?

Upcoming dividends

MQG has historically maintained a dividend payout among the more shareholder-friendly on the ASX, currently reflected in a dividend yield of 3.28% according to Stockopedia. While the exact upcoming ex-dividend date was not available in analyst consensus data as of July 2025, investors tracking MQG’s payout calendar should monitor ASX company announcements directly, as Macquarie Group publishes dividend schedules through its official ASX releases. The company’s historical pattern has been semi-annual dividends, with each distribution accompanied by an ex-dividend date set by the ASX.

Dividend history

For investors evaluating MQG’s dividend reliability, the forward EPS forecast of 11.27 AUD (Stockopedia, next year) provides the earnings backbone for future payouts. The dividend yield of 3.28% against current pricing is competitive relative to the ASX financial sector average, and Macquarie has historically attached partial franking credits to its distributions — a feature that adds material value for Australian investors in the top marginal tax bracket. However, the specific 25% dividend rule referenced in Australian franking policy applies to entities with specific tax profiles; MQG’s standard fully-franked or partially-franked dividends follow standard ASX conventions.

The pattern to watch: any shift in payout ratio that causes the yield to fall below 3% would likely trigger re-evaluation among income-focused holders, particularly if franked credits are reduced or eliminated in future periods.

Is MQG a good long-term investment?

Growth outlook

Looking beyond the 12-month analyst window, the forward PE ratio of 19.37 with a PEG ratio of 2.15 and EPS growth of 9.91% paints a picture of moderate, sustainable expansion. The forward PE of 19.37 is neither cheap nor expensive relative to the broader ASX financial sector — it suggests the market is pricing in the 9.91% earnings growth but discounting it at a moderate multiple. For investors who believe Macquarie’s global diversification across infrastructure, commodities, and advisory businesses sustains that growth rate, the current PEG of 2.15 implies modest overvaluation. For those who think the EPS growth estimate is conservative, the same multiple signals fair-to-slight-undervalue.

Historical returns

MQG has delivered a meaningful recovery for long-term holders. The stock closed at 214.15 AUD on July 25, 2025, marking the low point of a pullback that began when StockInvest.us issued a sell signal from a pivot top on July 4, 2025. By April 17, 2026, MQG had climbed to 239.88 AUD — a gain of approximately 12% from those July 2025 lows. The stock is now trading within 0.7% of its 52-week high of 241.50 AUD, which means investors who held through the July-to-August drawdown have largely recovered their positions.

Who are MQG’s major shareholders?

Top holders

Major institutional holders typically represent the bulk of MQG’s register given Macquarie Group’s ASX 200 weight and its role as a diversified financial services provider. While the complete top-holder list requires a current snapshot from Investing.com’s shareholder data or the company’s own registry filings, the key signal for investors is structural: Macquarie’s shareholder base includes a mix of Australian superannuation funds (which tend toward long-term hold strategies), global institutional investors drawn to the dividend yield and ASX financial exposure, and active quantitative funds that trade around analyst signal events.

Ownership structure

The institutional ownership mix matters for MQG because it influences price stability. When a stock is heavily held by income-focused super funds, dividend ex-date flows create predictable selling pressure that savvy investors can anticipate. The 3.28% dividend yield strongly suggests income-oriented institutions hold a meaningful stake. Conversely, the presence of growth-oriented quant funds — evidenced by the July 2025 pivot-top sell signal captured by technical models — indicates some institutional capital treats MQG as a momentum signal rather than a buy-and-hold.

The catch: retail investors and long-horizon holders should understand that analyst consensus changes can move the stock significantly in either direction, particularly when major institutions adjust their positions in response to new ratings. The divergence between Investing.com’s Buy and TipRanks’ Hold consensus could reflect exactly this kind of institutional positioning difference across platforms.

Why did MQG shares fall?

Recent drivers

The most concrete technical signal in the data comes from StockInvest.us, which documented a sell signal from a pivot top on July 4, 2025. That signal was followed by a decline of approximately -6.53% in the weeks that followed. The stock bottomed at 214.15 AUD on July 25, 2025, before recovering. This sequence — a technical trigger followed by a defined drawdown followed by a recovery — is the most specific causal narrative available for MQG’s recent price history.

Market context

Without granular earnings data attached to the July 2025 period in this research, the most defensible framing is that MQG’s drawdown reflected broader market dynamics affecting ASX financial stocks — likely a combination of rising cost-of-capital concerns, sector rotation away from income-generating financials, and specific positioning adjustments by algorithmic traders using technical thresholds as triggers. The resistance levels identified at 222.01 AUD and 220.08 AUD by StockInvest.us suggest the stock paused at these levels during its recovery before advancing to the 239.88 AUD April 2026 price.

For investors reading the current analyst landscape, the July 2025 episode is a useful reminder: MQG’s downside appears bounded near 214 AUD (the tested floor), but the path from that floor back to testing the 52-week high requires positive earnings catalysts that remain forthcoming in the current data.

Analyst consensus at a glance

Three platforms, three consensus ratings — one clear divergence in the data that investors must actively resolve.

Should you invest in MQG?

What analysts are saying

The most quotable move in the recent record belongs to JPMorgan. Analyst Andrew Triggs shifted MQG from Neutral to Overweight and lifted the price target from 207.00 AUD to 241.00 AUD — a material jump that reflects a fundamental thesis change, not a minor adjustment. That upgrade sits at the heart of the bullish case and explains why TradingView and Fintel both register Buy consensus targets near 240–243 AUD.

The contrast with TipRanks’ Hold consensus is instructive. TipRanks tracks a narrower analyst pool and weights recency more heavily — meaning if the most recent signals have been cautious, their overall consensus lags behind a platform like TradingView that reflects a longer signal window. Investors should not treat these two ratings as contradictory; they are measuring slightly different things.

For investors who want to cut through the noise: the JPMorgan upgrade is the single most concrete directional signal in the dataset. It is a named analyst, a named institution, and a specific target. That carries more weight than a platform consensus that averages across anonymous or semi-anonymous analyst inputs.

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