Macquarie Group Limited (OTCMKTS:MQBKY – Get Free Report)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $146.04 and traded as low as $143.84. Macquarie Group shares last traded at $144.16, with a volume of 24,758 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Citigroup lowered shares of Macquarie Group from a “hold” rating to a “strong sell” rating in a research report on Sunday, October 13th.
Get Our Latest Analysis on Macquarie Group
Macquarie Group Trading Up 0.3 %
Macquarie Group Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, December 27th. Investors of record on Tuesday, November 12th were issued a dividend of $1.7113 per share. The ex-dividend date was Tuesday, November 12th. Macquarie Group’s payout ratio is currently 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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