Macquarie Group Ltd (ASX: MQG) shareholders could be in for some positive news if one expert is on the money.
The Macquarie share price is flat today, currently trading at $206. For perspective, the S&P/ASX 200 Financials Index (ASX: XFJ) is down 0.12% at the time of writing.
So why is this expert so optimistic about Macquarie?
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Energy transition
Macquarie Group stands out to WaveStone Capital principal and portfolio manager Raaz Bhuyan. In an interview with livewire, he said the company has done an "incredible job" building a business around infrastructure. More recently, he highlighted Macquarie has put in a lot of work on the energy transition. He added:
With what's going on with Europe with the Ukraine war, we think Macquarie's going to have a cracker result because of what's happened to gas prices in Europe and the US at their March year-end.
Bhuyan also rates the company's management team and tenure of its key executives. He commented:
And they have positioned themselves really, really well for the next five or 10 years, as we've seen this massive growth in funds under management in alternative assets. So they've become the biggest fund manager in alternative assets in the world.
Marcus Today portfolio manager Ben O'Leary recently named Macquarie as a stock he would hold if the market closed tomorrow for four years. Speaking to my Foolish colleague Tony, he said "they just have a track record of making money in almost any environment".
Macquarie Group has recently modified its portfolio in response to the Ukraine crisis to capitalise on commodity market gains.
Macquarie share price snapshot
The Macquarie share price has rocketed 35% in the past year while it is up 0.13% year to date.
In contrast, the S&P/ASX 200 Index (ASX: XJO) has returned about 10% in the past year.
Macquarie Group has a market capitalisation of about $79 billion based on its current share price
