Shares of Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) were up 1.6% on Monday . The company traded as high as $149.84 and last traded at $149.33. Approximately 11,759 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 8,014 shares. The stock had previously closed at $147.05.
Analyst Upgrades and Downgrades
Separately, Citigroup downgraded Macquarie Group from a “hold” rating to a “strong sell” rating in a report on Sunday, October 13th.
Get Our Latest Stock Report on Macquarie Group
Macquarie Group Price Performance
Macquarie Group Cuts Dividend
The company also recently declared a dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, November 12th will be given a dividend of $1.7113 per share. The ex-dividend date is Tuesday, November 12th. Macquarie Group’s dividend payout ratio is presently 80.85%.
Macquarie Group Company Profile
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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