Macquarie reshuffles two bankers. RBC targets Macquarie stock at AUD 300
Published on 10/20/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCompany events and valuation
- Macquarie Capital's restructuring involved two bankers on October 19, 2026.
- RBC Capital set an AUD 300.00 target on September 28, 2026.
- Macquarie stock trades at EUR 154.41 at 9:35 a.m. CEST at Lang & Schwarz on October 20, 2026.
Macquarie Group (ISIN AU000000MQG1) is restructuring its Macquarie Capital business, with two bankers taking added responsibilities and Tom Butcher leaving, AFR reported on October 19, 2026. RBC Capital's AUD 300.00 price target, set on September 28, 2026, provides a separate valuation reference for Macquarie stock, according to Investing.com.
At Lang & Schwarz, the stock was trading at EUR 154.41 on October 20, 2026 at 9:35 a.m. CEST. The euro quote supplies the clearest same-day market reference for German investors, while the Australian primary listing remains the relevant home-market context.
Macquarie Capital changes its structure
The restructuring affects senior responsibilities in Macquarie Capital's Asia-Pacific business. AFR reported that Michael Milne and John Farnik would take on added responsibilities, while Tom Butcher would leave after four years at the bank.
What does the AUD 300 target imply?
RBC Capital initiated coverage with an Outperform rating and an AUD 300.00 target on September 28, 2026. The report projected mid-to-high single-digit earnings growth through fiscal year 2029 and cited operating leverage in asset management and personal banking, according to Investing.com.
Three dated Macquarie developments
On September 28, 2026, RBC Capital initiated coverage with an AUD 300.00 target. On October 16, 2026, Macquarie Asset Management completed the sale of a 9.14 percent interest in Perth Airport through a transaction involving Australian Retirement Trust and AustralianSuper, according to Macquarie Group. On October 19, 2026, AFR reported the Macquarie Capital restructuring involving two senior bankers.
Results and dividend dates
Macquarie's investor calendar lists its 2027 half-year result announcement for November 6, 2026, followed by an expected ex-dividend date of November 11, 2026. The same calendar lists December 17, 2026, as the dividend payment date, according to Macquarie Group. Those dates give investors a defined timetable for the next reported financial update and the following income event.
Stock stays tied to the next report
Macquarie combines a financial-services business with asset management, banking, commodities and global markets, and advisory operations. The restructuring adds a management development to the calendar before the November result, while the RBC target places valuation expectations in the foreground. At Lang & Schwarz, Macquarie stock was trading at EUR 154.41 on October 20, 2026 at 9:35 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Macquarie stock.
Macquarie stock key facts
- Company: Macquarie Group Limited
- ISIN: AU000000MQG1
- Ticker: MQG
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 20, 2026, 9:35 a.m. CEST): EUR 154.41
- Sector / Industry: Financial Services / Investment Banking and Investment Services
- Next earnings date: November 6, 2026
Market context: Market report S&P/ASX 200.
