Macquarie’s Impressive FY18 Profit Hard to Fault. FVE Increased to AUD 121
Another stronger-than-expected performance for Australia’s largest global asset manager and investment bank, with narrow-moat rated Macquarie Group’s fiscal 2018 profit up 15% to AUD 2.56 billion. We’d underestimated the broad-based improvement in earnings with the three-annuity style business increasing profit contribution 6% to AUD 3.45 billion and the two-market facing business increasing profit contribution to 11% to AUD 1.61 billion. The 45% franked total dividend of AUD 5.25 per share impr...Macquarie Group is non-operating holding company. Through its subsidiaries, Co. provides banking, financial, advisory, investment and funds management services. Co.'s principal activities include distribution and manufacture of funds management products; trading in fixed income, equities, currency, commodities and derivative products; corporate and structured finance, advisory, underwriting, facilitation, broking and real estate/ property development; and banking activities, mortgages and leasing. As of Mar 31 2016, Co. had total assets of A$196.76 billion and total deposits of A$52.25 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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