Are Macquarie shares a buy, hold or sell following the company's leadership transition?
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today toget instant access to our top analyst recommendations,. . .
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today toget instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn MoreShares inMacquarie Group Ltd(ASX: MQG) have been performing well over the past few months. The question is, do they have further to run?Image source: Getty ImagesThe shares have improved from around $190 in March to $257. 92 at the time of writing, up 20. 6% over a 12-month period. The company known as "the millionaire's factory" this week announced thatChief Executive Officer Shemara Wikramanayake will retirein November, with Greg Ward to take over the top job. The analysts at Jarden have run the ruler over the company following its management change and believe it still remains a sound investment. But what sort of return will it deliver? I'll get to that later. First, let's see what the Jarden analysts are saying about the company. The analysts, in a note published on Thursday following the Macquarie annual general meeting, said all four of Macquarie's divisions were performing strongly for the first time since FY22. They added:MQG printed strong 2H26 results … due to investment gains, trading and risk management (energy volatility) and released constructive short term guidance. Today at its AGM, it held that outlook except for a tweak to banking and financial services. Banking and financial services continues to win share on both sides of the balance sheet by leveraging a superior fully digitised core with 'no hoops, no catches'. Jarden said Macquarie indicated that Macquarie Asset Management had exited low-margin and low-growth offshore public markets, with that capital to be recycled into higher-growth private markets. They added:Recent data centre divestments (AirTrunk, Aligned) underwrite a rich vein of performance fees over the forthcoming years. There are plenty of assets to invest, sell and recycle across the key megatrends of Decarbonisation, Digitalisation, Demographics, and Deglobalisation. Jarden has a buy rating on Macquarie shares, but has a price target of $250 on the company, below the current share price. They are projecting that Macquarie will pay adividend yieldof 3. 4%. They noted that Mr Ward was a long-time Macquarie employee, joining the company in 1996. His elevation to the top job aligns with the company's historical preference for promoting from within. Mr Ward said in a statement on Thursday:I'm honoured to be asked by the Board to succeed Shemara as Macquarie CEO. Shemara leaves Macquarie incredibly well positioned, with each of our businesses performing strongly. I look forward to working with the Board, management and our entire Macquarie team to build on Shemara's legacy for the benefit of all of our stakeholders. More on Financial SharesShare GainersGuess which $1. 8 billion ASX 200 stock is leaping 33% on Thursday!July 23, 2026|Bernd StrubenInvestors are sending this ASX 200 stock to the moon today. But why?Read more»Financial SharesGeneration Development Group posts 36% lift in FUM and record inflows for FY26July 23, 2026|Laura StewartGeneration Development Group’s funds under management surged 36% to $46. 4 billion, with record inflows and new partnerships in FY26. Read more»Financial SharesWAM Income Maximiser declares monthly fully franked dividendJuly 23, 2026|Laura StewartWAM Income Maximiser has declared a fully franked 0. 68 cent monthly dividend, with DRP available for shareholders. Read more»Financial SharesMacquarie Group announces new CEO as Shemara Wikramanayake prepares to retireJuly 23, 2026|James MickleboroMacquarie Group has named Greg Ward as its next CEO. Read more»Financial SharesRegal Partners: Profit doubles and FUM hits record highJuly 22, 2026|Laura StewartRegal Partners’ 1H26 earnings update sees profit double and record net inflows boost FUM to new highs. Read more»Financial SharesAMP shares have surged 80% since March. What's next?July 21, 2026|Marc Van DintherDo experts think there's more to come or is much of the good news already priced in?Read more»Financial SharesThis ASX financial services company has just reported a 20% jump in funds under managementJuly 21, 2026|Cameron EnglandGrowing demand for financial advice is a tailwind for this company. Read more»Financial SharesWAM Income Maximiser announces fully franked October 2026 dividendJuly 21, 2026|Laura StewartWAM Income Maximiser has announced a 0. 66 cent fully franked October 2026 dividend and updated its DRP details. Read more»This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. The Motley Fool Australia operates under AFSL 400691. For more information please see ourFinancial Services Guide. Please remember that investments can go up and down. Past performance is not necessarily indicative of future returns. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. © 2010 - 2026 The Motley Fool Australia Pty Ltd. All rights reserved. ACN: 146 988 052Australian Financial Services Licence (AFSL): 400691The Motley Fool Australia, PO Box 104, Isle of Capri, Qld 4217Contact Details:Phone: (03) 8592 4841Email:[email protected]Our friendly customer service team will happily get back to you as soon as they can.