Shares of Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report) rose 1.6% during mid-day trading on Monday . The stock traded as high as $149.84 and last traded at $149.33. Approximately 11,759 shares were traded during 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 research report on Sunday, October 13th.
View Our Latest Stock Report on MQBKY
Macquarie Group Stock Down 1.0 %
Macquarie Group Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, November 12th will be given a dividend of $1.7113 per share. The ex-dividend date of this dividend is Tuesday, November 12th. Macquarie Group’s payout ratio is 80.85%.
About Macquarie Group
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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