市场见解

The Macquarie (ASX:MQG) share price has gained 40% this year. Is it still good value?

After delivering bountiful returns for shareholders in the past year, is there any upside left?
The post The Macquarie (ASX:MQG) share price has gained 40% this year. Is it still good value? appeared first on The Motley Fool Australia. –

The 麦格里银行 (ASX: MQG) share price has been an outstanding performer over the past 12 months. But is the investment bank’s future growth baked in now after a year of strong gains?

In afternoon trading on Friday, Macquarie shares bounced above the $200 mark once again.

On a year-to-date basis, the share price is up 42.7%. For anyone lucky enough to have picked up shares at the 52-week low of $126.51 in January 2021, their return on investment (ROI) is an impressive 59%.

Despite this exceptional performance, two fund managers think there’s still more on the table. Let’s take a look at what they think of the Macquarie share price going forward.

More good times to come for the Macquarie share price?

The past year has been a very rewarding period for investors in the ASX financial sector. In fact, the sector has been the market’s best performer. This is thanks to a strong bounceback in bank revenue and earnings following encouraging monetary policy from the central bank.

Macquarie Group has also been a beneficiary of the improving economic situation globally. In its FY22 first-half result, the company reported a more than doubling of its net profit, increasing 107% to $2.04 billion.

At the same time, assets under management increased 31% to A$737 billion at the end of September. Considering the level of growth, investors might be cautious of reversal, or at least a slowdown, in the business.

However, two fund managers recently shared optimistic perspectives for the Macquarie share price.

In an interview with Livewire, Pengana’s Rhett Kessler and Alphinity’s Stuart Welch both gave the ASX-listed investment bank a buy.

For Welch, the bank offers a well-managed business that has a strong track record for adapting to changing times. The fundie suggested the shift towards green investments is simply another iteration within the company’s journey, as it becomes a major player in net-zero emission ambitions.

Adding to this, Welch noted:

The retail side is taking share from the majors with better service levels and standards. In many respects, the business is doing really well and looks pretty reasonably valued. So it’s a buy for us.

Kessler also tagged the Macquarie share price a buy. While agreeing with Welch, Kessler added that Macquarie maintains strong talent within the company. Given the amplifying contest for talent, the fundie considers the investment bank well-positioned on this front.

The post The Macquarie (ASX:MQG) share price has gained 40% this year. Is it still good value? appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

Is the Zip (ASX:Z1P) share price a buy now, or wait for later?

2 ASX shares cashing in on decarbonisation and online shopping

Why is the Bendigo Bank (ASX:BEN) share price having such a tough time of late?

These 6 ASX shares are going ex-dividend this week

Why is the Macquarie (ASX:MQG) share price sliding lower today?

Motley Fool contributor Mitchell Lawler owns shares of Commonwealth Bank of Australia and Macquarie Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!