|Bid||107.59 x 720700|
|Ask||89.99 x 63900|
|Day's range||97.33 - 99.00|
|52-week range||81.10 - 101.12|
|PE ratio (TTM)||13.97|
|Forward dividend & yield||4.27 (6.01%)|
|1y target est||100.99|
The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) is expected to outperform other developed markets in 2018 and these are the stocks that are tipped to outperform.
Macquarie Group Ltd (ASX:MQG) shares broke through the $100 barrier for the first time ever earlier this week.
Businesses are dramatically changing the way they buy energy in Britain and beyond as new technology makes it easier and cheaper to generate their own power.
Iron ore jumped again in overnight trade and looks poised to enter a new bull market. But how long can the party last?
This week’s top dividend buy for me is Macquarie Group Ltd (ASX:MQG). It is a global provider of banking, financial advisory, investment and fund management services thereby making its sources of earnings more diverse than the big four banks Commonwealth Bank of Australia (ASX:CBA), Westpac Banking Corp (ASX:WBC), Australia and New Zealand Banking Group (ASX:ANZ) and National Australia Bank Ltd. (ASX:NAB).
Macquarie Group Ltd (ASX:MQG) manages the Macquarie High Conviction Fund. This is the fund which they describe as "a concentrated portfolio of only our most compelling stock ideas"
Fund managers like Magellan Financial Group Ltd (ASX:MFG) earn revenues as fixed percentage of total funds under management.
Venture capital investing in the software-as-a-service space is now available to investors with Bailador Technology Investments Ltd (ASX:BTI).
Macquarie Group shares are trading at a record high after the investment bank announced an on-market buyback of up to $1 billion and a first-half profit of $1.25 billion. Chief executive Nicholas Moore said the buyback was on the back of the group's strong $4.2 billion capital surplus and would enable additional flexibility in Macquarie's capital position. The bank also announced that former Reserve Bank of Australia governor Glenn Stevens will join the boards of Macquarie Group and Macquarie Bank as an independent director from November 1.
Macquarie Group's board has approved an on-market buyback of up to $1 billion after posting a first-half profit of $1.25 billion. The investment bank and fund manager says the buyback has received the necessary regulatory approvals but is subject to a number of factors including the group's surplus capital position, market conditions and opportunities to deploy capital by the businesses. Macquarie's net profit for the six months to September 30 was up 19 per cent, while net operating income was up 3.4 per cent at $5.4 billion.
Former Reserve Bank of Australia governor Glenn Stevens will join the boards of Macquarie Group and Macquarie Bank as an independent director from November 1. Mr Stevens, governor of the RBA between 2006 and 2016, has been on a number of Australian and international boards and committees, including the Financial Stability Board, and on a range of G20 committees. Macquarie Group chairman Peter Warne said Mr Stevens would provide deep expertise on the impact that monetary and other economic policies have on Macquarie's diverse business activities.
Macquarie Group has posted a first-half profit of $1.25 billion and expects its 2018 result to be "slightly up" on the previous year's $2.2 billion. Macquarie's net profit for the six months to September 30 was up 19 per cent, while net operating income was $5.4 billion, up 3.4 per cent. The investment bank and fund manager also announced a 45 per cent-franked interim dividend of $2.05 per share, up from $1.90 a year ago.
The UK Green Investment Bank (GIB), created by the British government to fund environmental projects, is to be sold to Australian financial services firm Macquarie Group in a £2.3 billion deal, the government said Thursday. Under the deal, worth $2.6 billion (2.7 billion euros), Macquarie has vowed to invest at least £3 billion of new funds into Britain's green economy over the next three years. "The Green Investment Bank has been very successful in attracting private capital to the UK's green economy," said Nick Hurd, Climate Change and Industry Minister.