Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $145.61 and traded as low as $140.74. Macquarie Group shares last traded at $140.89, with a volume of 13,376 shares.
Analysts Set New Price Targets
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 Analysis on MQBKY
Macquarie Group Price Performance
Macquarie Group Cuts Dividend
The business also recently declared a dividend, which was paid on Friday, December 27th. Stockholders of record on Tuesday, November 12th were given a $1.7113 dividend. The ex-dividend date was Tuesday, November 12th. Macquarie Group’s dividend payout ratio (DPR) is presently 77.74%.
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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