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There is a small number of ASX shares that are broadly liked by a number of brokers.

If many brokers like a business at the same time then that may suggest there could be a potentially opportunity there.

Or it may mean that all of the brokers are wrong at the same time. Only time will tell.

Here are two that are highly liked by multiple brokers:

Credit Corp Group Limited (ASX: CCP)

Macquarie Group Ltd (ASX: MQG) is currently one of the brokers that rate the debt collector as a buy. It’s rated as a buy by at least three brokers.

The broker thinks Credit Corp is performing soundly considering the environment that it’s seeing in both Australia and the US.

Credit Corp recently released its FY21 result to the market. It said that there was an 11% increase of net profit after tax (NPAT) to $88.1 million. Within that, its US segment reported that NPAT doubled to $17.7 million.

There was a near record purchased debt ledger (PDL) investment outlay of $293 million, including $146 million for the PDL purchase from Collection House Limited (ASX: CLH).

But the ASX share did achieve records in other areas. There was a record second half gross lending volume of $105 million. It also saw a record starting PDL investment pipeline of $150 million for FY22.

The company said that it entered FY22 with considerable momentum. Charge off volumes are growing across all markets and the company is expecting further opportunities to grow purchasing over the course of the year.

Credit Corp outlined that the increase in organic PDL investment, together with the ongoing impact of the Collection House PDL acquisition, is expected to produce “solid” earnings growth of 8% at the top end of its guidance range. The top end of its profit guidance is $95 million in FY22.

According to Macquarie, the Credit Corp share price is valued at 19x FY23’s estimated earnings.

Bank of Queensland Limited (ASX: BOQ)

The regional bank is currently rated as a buy by at least five brokers. One of the brokers that likes Bank of Queensland is Credit Suisse, which has a price target on the ASX share of $11.50. That suggests a potential increase of the share price of approximately 20% over the next 12 months, if Credit Suisse is right.

One of the main reasons that the broker likes BOQ is due to its deal to buy ME Bank which could lead to substantial synergies. Credit Suisse also believes that BOQ’s net interest margin (NIM) could increase after the acquisition is completed.

If readers didn’t catch the original details of the deal, BOQ is buying ME Bank for $1.325 billion.

BOQ said the acquisition is expected to deliver material scale, broadly doubling the retail bank and providing geographic diversification. It’s expected to add to cash earnings per share (EPS) at a rate of between low double digit to mid-teens including the full run rate of synergies in the first year, being FY22.

The anticipated annualised pre-tax synergies are expected to be between $70 million to $80 million.

In the first half of FY21, BOQ generated $165 million of cash earnings after tax – up 9%. But statutory profit was up 66% to $154 million. The NIM improved by 3 basis points to 1.95%, whilst the interim dividend was increased by 11 cents per share to 17 cents per share.

According to Credit Suisse, the BOQ share price is valued at 15x FY22’s estimated earnings with a projected FY22 grossed-up dividend yield of 6.3%.

The post These 2 ASX shares are rated as strong buys by brokers appeared first on The Motley Fool Australia.

More reading

• Why the Bank of Queensland (ASX:BOQ) share price hit its 52-week high
• The Bank of Queensland (ASX:BOQ) share price is up 61% in a year. Here’s why
• ASX 200 drops, Afterpay jumps again, Credit Corp rises
• ASX 200 midday update: Afterpay jumps again, Qantas stands down crew
• Credit Corp (ASX:CCP) share price charges 6% higher after strong FY 2021 result

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. 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.

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If you’re looking for big dividends, then look no further. The two ASX dividend shares below have been tipped by analysts to provide investors with yields greater than 6%.

Here’s what you need to know:

Adairs Ltd (ASX: ADH)

The first high yield ASX dividend share to look at is Adairs. It is a leading homewares and home furnishings retailer in the ANZ market. It has a growing presence both in retail parks across Australia and online with its Adairs and Mocka brands.

Thanks to its strong market position, the booming housing market, and a redirection in consumer spending, Adairs has been a very positive performer this year. This led to a very strong first half result, with more of the same forecast in the second half.

The team at Goldman Sachs are very positive on Adairs. They have a buy rating and $4.80 price target on the company’s shares.

The broker is also forecasting fully franked dividends per share of 26 cents in FY 2021, 25.1 cents in FY 2022, and then 26.8 cents in FY 2023. Based on the current Adairs share price of $4.22, this will mean yields of 6.15%, 5.9%, and 6.35%, respectively.

BHP Group Ltd (ASX: BHP)

Another high yield ASX dividend share to consider is BHP. This mining behemoth could be a top option for income investors that are happy to invest in the resources sector.

Australia’s largest miner has a diverse portfolio of world class operations across a number of commodities. This includes petroleum, copper, nickel, and iron ore. And thanks to favourable prices and its low operating costs, the company is currently generating significant free cash flow.

The team at Macquarie expect this to underpin very generous dividend payments in the near term. The broker is forecasting fully franked dividends per share of approximately $3.71 in FY 2021 and then $3.63 in FY 2022. Based on the latest BHP share price of $52.52, this will mean yields of 7% and 6.9%, respectively.

Macquarie has an outperform rating and $60.00 price target on its shares.

The post 2 high yield ASX dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

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• BHP (ASX:BHP) share price struggles amid renewed climate pressure
• How is the Mineral Resources (ASX:MIN) share price holding up against the materials sector?
• ASX 200 Weekly Wrap: Blockbuster Afterpay deal turbocharges ASX to new record highs

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

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Ask A Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, NAOS Asset Management portfolio manager Robert Miller reveals 2 ASX shares he loves that play in very different sectors.

Investment style

The Motley Fool: How would you describe your fund to a potential client?

Robert Miller: We offer a boutique funds management business that is focused on ASX-listed industrials, with a focus outside the S&P/ASX 50 Index (ASX:XFL). Our motto across the business is ‘conviction, long-term and aligned’. 

We’re very concentrated in what we do. We only hold about 20 positions at the moment, approximately, across our total pool of capital. 

We’re long-term investors. All of the shareholder funds that we currently manage are structured as listed investment companies. That allows us to be patient and have a disciplined investment strategy, which is typically a 5-year-plus investment timeframe that we’re looking at.

Another big one for us is alignment. So we’re big believers in investing in businesses alongside founders and management teams that have significant equity ownership in those businesses themselves. 

They’re our 3 key points. It’s a pure focus on industrial-type businesses and we’ve got a strong ESG focus internally as well.

Our ASX share portfolio

MF: Can you name a couple of your holdings and why you love them?

RM: The one I’ll start with is COG Financial Services Ltd (ASX: COG), which is an asset finance, aggregation and broker group. They’re Australia’s largest asset finance and broking aggregator. So it has approximately between 17% and 20% of the market. 

We believe this is a very hard asset to replicate in terms of their distribution footprint. So if you think about what’s happened with the mortgage and insurance industries, to use two examples, clearly there is an intermediary channel there where brokers are the vast majority — or have a very large influence. 

We believe asset finance is going in the same trajectory as the other two industries, and COG has very much a firm footing in that marketplace, being the largest at what they do. So this gives them the opportunity to cross-sell other products over time because the asset finance relationship between the customer and the broker can be very strong. 

A typical product would be, say you needed to buy a bit of yellow kit for farming or construction building — and you need a tractor or a ute, then COG, through their broker network, are the ones who would organise the finance for that.

I touched on insurance before and, obviously, the key in that market, one of the key ones is Steadfast here in Australia. And some of the ex-Steadfast people, including Cameron McCullagh who set this up, are involved in COG. So it’s got that flavour to it. 

They had a very strong FY21 but I think there’s a long way to go in terms of the underlying tailwinds that we’re seeing in a lot of the industries they operate in. Obviously, agriculture is strong, construction and housing and whatnot, that should be relatively strong over the next little while. 

All of those factors, as well [as] the stimulus around the instant asset write-off programs, should all be beneficial to COG over the medium to longer term.

MF: And the other one?

Again, not necessarily our biggest but a material one for us, is Big River Industries Ltd (ASX: BRI). They’re actually [an] over 100-year-old business, despite listing on the ASX in early April 2017, I think it was. 

They’re a building supplies and distribution business. And if you think about Bunnings and Mitre 10… they’re predominantly retail. This is trade-only so there’s absolutely no retail store footprint. 

What they do is, as I said, provide and distribute building supplies. Say frame and truss timber, plywood and formply, and architectural products. They’ve got approximately 22 sites across the country at the moment where they sell products. And they’ve got some manufacturing operations as well, where they manufacture niche products like formply and some architectural products.

We think this business is run by an excellent CEO who knows everything inside-out in that business. And we think there’s a very big opportunity to grow from here. As I said, they’ve only got low 20s in terms of the sites they operate. It’s a very, very large [addressable] market. We believe, for instance, they’ve only got one site in Sydney. Their peers would have many more than that in terms of sites per capital city. So there’s a long way to go in terms of the upside of site M&A, and also the ability to get strong revenues synergies out of that by, say you’re buying a new site, an existing site that rolls into the rest of the group, you then have the ability to cross-sell all of your existing products and distribution capabilities over to that new asset that you’ve bought. In turn, you get margin expansion with scale, and we’re starting to see this materialise now across the BRI group.

Secondly, the building cycle peaked in 2017 and it’s been on the down cycle since then. And I think certainly with the example of [government program] HomeBuilder, obviously there’s been a lot of building approvals over the last little while. A lot of that’s yet to turn dirt. So we think that the building cycle is here to stay for the medium term. It’s certainly in the upward trend and this should benefit Big River.

MF: It gives out a dividend as well.

RM: Yes, it does. As I said at the start, it’s over a 100-year-old business and they’ve been paying dividends for a very long time — throughout many, many cycles. For us, that’s a big factor that the business is able to survive all kinds of cycles and certainly thrive in some as well, like we’re seeing at the moment.

The post This 100-year-old company is the ASX share that keeps giving appeared first on The Motley Fool Australia.

More reading

• 2 high yield ASX dividend shares analysts rate as buys
• 2 ASX 200 shares that could offer good dividend income
• 5 things to watch on the ASX 200 on Thursday
• Telstra (ASX:TLS) FY 2021 results preview
• The easiest $150,000 you’d ever make

Motley Fool contributor Tony Yoo has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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A number of S&P/ASX 200 Index (ASX: XJO) shares could be interesting for investors to consider as options for good dividend income.

There were quite a few big dividend cuts during the difficult 2020 year which saw COVID-19 impacts reach far and wide. Westpac Banking Corp (ASX: WBC) and Flight Centre Travel Group Ltd (ASX: FLT) were just two examples of heavy dividend reductions.

But these two businesses continued to make profit and pay dividends to shareholders. They have ongoing commitments to shareholder returns:

Magellan Financial Group Ltd (ASX: MFG)

Magellan is one of the largest funds management businesses in Australia.

In the latest monthly update, the ASX 200 share announced that its funds under management (FUM) had increased $3.1 billion to $117 billion over the month of July 2021. The biggest increase was with its global equities strategies, with an increase of FUM from $85.4 billion to $87.9 billion.

The business is currently rated as a buy by the broker Morgans with a price target of $58.05. That suggests a potential increase of the share price over the next 12 months of more than 10%.

Magellan has a stated dividend policy for shareholders. Ordinary interim and final dividends will be based on 90% to 95% from the funds management business excluding crystallised performance fees. The annual performance fee dividend is also 90% to 95% of net crystallised performance fees after tax.

In the first half of FY21, the ASX 200 share grew its interim dividend by 5% to 97.1 cents per share. That was after half-year net profit after tax grew 3% to $202.3 million. Magellan’s funds management business saw profit before tax and before performance fees grow 8% to $256.2 million. Its external investments, like Guzman y Gomez may be able to help grow profit in the future too.

Morgans has forecast a FY22 dividend of $2.31 per share, equating to a partially franked forward dividend yield of 4.5%.  

Wesfarmers Ltd (ASX: WES)

The leadership at Wesfarmers are focused on dividends and shareholder returns.

Indeed, the company has stated:

Wesfarmers’ primary objective is to provide a satisfactory return to shareholders.

It points out how between FY16 and FY21, it has paid more than $14 billion of fully franked dividends for shareholders. Whilst it’s investing for the long-term, it also says it has an ongoing focus on shareholder returns with an approach underpinned by maximising the value of franking credits for shareholders.

The ASX 200 share notes that it has achieved long-term earnings growth and strong cashflow generation. It has a portfolio of businesses with strong market positions such as Bunnings, Officeworks, Kmart and Catch.

Wesfarmers aims to be flexible and opportunistic with a disciplined approach to all investment decisions. It’s always on the look out for adjacent opportunities (such as Catch) as well as value-accretive transaction.

The company is looking to improve its operations by establishing a market-leading digital ecosystem that spans its retail businesses. It’s going to invest around $100 million to develop this ecosystem.

Wesfarmers is also investing in its platforms for long-term growth. For example, it’s investing in Catch to become the leading Australian marketplace. It wants to grow Bunnings’ commercial offering. The company is also investing in its supply chain capabilities so that it can become more efficient, with lower costs.

According to Commsec, at the current Wesfarmers share price, it has a FY22 grossed-up dividend yield of 4.2%.

The post 2 ASX 200 shares that could offer good dividend income appeared first on The Motley Fool Australia.

More reading

• Wesfarmers (ASX:WES) share price rises amid latest digital push
• These 10 ASX 200 shares hit new 52-week highs this Monday
• Pricing-power shares like Wesfarmers (ASX:WES) help fight inflation: expert
• Wesfarmers (ASX:WES) share price slips amid green hydrogen agreement
• ASX 200 Weekly Wrap: Blockbuster Afterpay deal turbocharges ASX to new record highs

Motley Fool contributor Tristan Harrison owns shares of Magellan Financial Group. 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 Wesfarmers Limited. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Wednesday the S&P/ASX 200 Index (ASX: XJO) followed Wall Street’s lead and climbed higher. The benchmark index rose 0.3% to 7,584.3 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to edge higher

The Australian share market looks set to rise again on Thursday. According to the latest SPI futures, the ASX 200 is expected to open the day 6 points or 0.1% higher this morning. This follows a solid night of trade on Wall Street which saw the Dow Jones climb 0.6% to a record high, the S&P 500 rise 0.25%, and the Nasdaq edge 0.15% lower.

Telstra full year results

The Telstra Corporation Ltd (ASX: TLS) share price will be one to watch when it releases its highly anticipated full year results. According to a note out of Goldman Sachs, its analysts are expecting the company to report an 11% decline in income to $23.2 billion and a 16% reduction in earnings before interest, tax, depreciation and amortisation (EBITDA) to $7.6 billion. The latter includes underlying EBITDA of $6.8 billion, which is towards the higher end of Telstra’s guidance of $6.6 billion to $6.9 billion.

Oil prices rise

Energy producers such as Oil Search Ltd (ASX: OSH) and Woodside Petroleum Limited (ASX: WPL) could have a solid day after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.5% to US$69.31 a barrel and the Brent crude oil price has risen 1.3% to US$71.53 a barrel. Oil prices rose despite the White House asking OPEC to boost production.

Gold price edges higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) will be on watch after the gold price climbed overnight. According to CNBC, the spot gold price is up 1.3% to US$1,753.9 an ounce. The gold price rose after tame US inflation data eased fears that the US Federal Reserve would taper its economic support sooner than expected.

AGL FY 2021 results

The AGL Energy Limited (ASX: AGL) share price could be on the move today when it releases its results. According to CommSec, the market is expecting the energy giant to report a $2.1 billion loss for the year. However, despite this, a 34.5 cents per share fully franked dividend is still expected to be declared.

The post 5 things to watch on the ASX 200 on Thursday appeared first on The Motley Fool Australia.

More reading

• Telstra (ASX:TLS) FY 2021 results preview
• Here are 3 of the most heavily traded ASX 200 shares today
• ASX 200 rises, CBA climbs after FY21 report, Iress jumps
• Why the Aussie Broadband (ASX:ABB) share price rose 8% to a new high
• How did the AMP share price respond last earnings season?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Telstra Corporation Ltd (ASX: TLS) share price will be one to watch very closely on Thursday.

This is because the telco giant will be releasing its highly anticipated full year results tomorrow morning.

And with the Telstra share price hitting a two-year high today, expectations certainly are high.

What is expected from Telstra in FY 2021?

According to a note out of Goldman Sachs, its analysts are expecting the company to report an 11% decline in income to $23.2 billion.

Whereas for its earnings, the broker has pencilled in a 16% reduction in earnings before interest, tax, depreciation and amortisation (EBITDA) to $7.6 billion. This includes underlying EBITDA of $6.8 billion, which is towards the higher end of Telstra’s guidance of $6.6 billion to $6.9 billion.

And on the bottom line, a 27% decline in net profit after tax to $1.7 billion is being forecast by its analysts.

Despite this decline, Goldman still expects Telstra to maintain its final dividend at 8 cents per share. This will mean a fully franked full year dividend of 16 cents. Which, based on the current Telstra share price of $3.83, will mean a 4.2% yield for shareholders.

What could move the Telstra share price?

One thing that could have an impact on the Telstra share price tomorrow is its guidance for FY 2022.

Goldman Sachs is forecasting FY 2022 underlying EBITDA growth of 6% to $7.2 billion and NBN payments of $330 million. It notes that this compares to the company’s FY 2022 aspirations for mid to high single digit growth.

Another thing that could move the Telstra share price is commentary on its mobile business. Goldman notes that it will be looking at “2H21 Mobile Trends, with Telstra expecting postpaid ARPU to return to growth in 2H21 and accelerate in FY22E (GSe +1%/+5% in 2H21E/FY22E).”

It also expects “solid subscriber growth in a low churn market (postpaid +60k in 2H21 vs. 5Y avg. +130k).”

The Telstra share price is up 27% year to date.

The post Telstra (ASX:TLS) FY 2021 results preview appeared first on The Motley Fool Australia.

More reading

• Why the Aussie Broadband (ASX:ABB) share price rose 8% to a new high
• How did the Telstra (ASX:TLS) share price respond last earnings season?
• Telstra (ASX:TLS) and this ASX dividend share are rated as buys
• These 3 ASX 200 shares were the most traded this Tuesday
• The Telstra (ASX:TLS) share price just hit another new 52-week high

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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 Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you ask people about their favourite days of the year, many will nominate their birthdays, Christmas, or maybe a wedding anniversary.

Now, for the record, my wedding anniversary is obviously my favourite day of the year.

And as a parent, there is nothing that beats being part of the joy that Christmas brings for a child.

But those aside, I have some, ahem, strange favourite days.

I’ve written before that I really, really like Budget Day (and once got a cab home, rather than a tram, to avoid missing watching the speech, live!). It’s a day that combines finance, public policy and a very outward expression of democracy. I know, but I like it anyway.

Another of my favourite days doesn’t really have a name, but I’m going to call it, somewhat unimaginatively, ‘Vanguard Index Chart Day’.

I know this will surprise you, given how cryptically I’ve named it, but it’s the day, each year, that the fund manager, Vanguard, releases its updated 30-year index chart.

I know, I know… not exactly the most important or exciting thing that’ll happen this year.

But stick with me.

See, as I said to my colleagues (and on Twitter) this morning:

“Other than currency or stock certificates, if you truly *get* the power of this chart, it might just be the most valuable single sheet of paper in the world…”

Have I got your attention now?

See that one piece of paper neatly shows — perhaps better than anything else I’ve ever seen — the devastatingly huge power of compounding.

And here it is:

At the bottom left, a hypothetical $10,000 was invested in Australian shares in 1991.

At the top right, the result of 30 years of uninterrupted compounding (excluding brokerage and tax).

The result?

Your $10,000, invested on July 1, 1991, was worth more than $160,000, three decades later.

Three decades that included two recessions, the Asian Financial crisis, the dot.com crash, the GFC and, yes… that little thing called COVID.

Despite all of that — and lots more — 10 gorillas became 160.

By doing precisely… nothing.

Not a bloody thing.

Just leaving well enough alone.

Of course, if you’d regularly added through that time, imagine how much you’d have, now.

Sure, but that was then, this is now, right?

Yep.

Except I’ve been banging on about precisely the same thing for more than a decade, now.

And, even if the annual return varies slightly, depending on the year, my advice hasn’t changed.

And, to borrow a line from Nike: just do it.

There are thousands of excuses.

The level of the market.

Interest rates.

Money printing.

The Fed.

Bitcoin (CRYPTO: BTC).

The economy.

COVID.

SARS (remember that?)

The GFC.

I could go on.

And yet, despite ALL — not one, or two, but ALL — of those things, the ASX has returned 9.7% per year on average over the last 30 years.

When was a good time not to invest? Never.

Sure, in hindsight, we can easily tell the highs and lows. And, if I had a crystal ball or time machine, I’d take full advantage.

But without either device?

My advice is simple.

Invest.

Invest today. And tomorrow. And next week. And next month. And next year.

Some of those days will, in hindsight be unfortunately high.

Some will be remarkably low.

But, unless financial history finally stops repeating, the biggest mistake is not investing at all.

Me?

I’m always almost fully invested.

The only cash I keep is just whatever adds up between the automatic transfer each payday and wherever I get around to buying.

I try not to leave it too long.

Because the market has always gone up, over time.

The longer you wait, statistically speaking, the more money you’re leaving on the table.

Yes, sometimes it sucks.

February and March last year come to mind when the market fell 38%.

But since then?

The ASX has made all of that back, and more.

Plus paid dividends.

I know some really smart people who missed the recovery, by trying to be too clever.

And they truly are clever.

But perhaps also caught out by a little hubris.

In any event, this isn’t about them.

It’s about us.

I’m going to suggest you take the Triple H approach (with apologies to the erstwhile wrestler of the same name):

History

Humility

Heart

Because:

I want you to remember the lessons of history.

I want you to remember that none of us can predict the future, so probabilistic thinking is almost certainly the best approach.

And I want you to stick with it, with wholeheartedness, even when things get volatile. Because they will.

But Vanguard’s chart shows us what can be achieved by committing, and by staying the course.

And, as I said, it actually undersells investing, because it assumes no money is added over that 30-year timeframe.

So, if you print out that chart…

… and start (or keep) investing…

… and add regularly…

It could end up being the most valuable piece of paper you’ve ever seen.

Fool on!

The post The easiest $150,000 you’d ever make appeared first on The Motley Fool Australia.

More reading

• 2 quality ASX shares for a retirement portfolio
• Here are 3 of the most heavily traded ASX 200 shares today
• 2 top ASX growth shares analysts rate highly
• Here are the top 10 ASX shares today
• ASX 200 rises, CBA climbs after FY21 report, Iress jumps

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Bitcoin and Nike. The Motley Fool Australia has recommended Nike. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re nearing retirement, it may be time to start focusing a little on capital preservation. This means investing in lower risk shares rather than fledgling growth shares.

But which shares might be suitable? Listed below are a couple of shares that could be good options for a well-balanced retirement portfolio. They are as follows:

Suncorp Group Ltd (ASX: SUN)

The first ASX share to consider for a retirement portfolio is Suncorp. It is one of Australia’s leading insurance and banking companies. As well as the eponymous Suncorp brand, it also owns the AAMI, Apia, Bingle, GIO, Shannons, and Vero brands.

Suncorp returned to form in FY 2021 and has just delivered a strong full year result. It reported a 42.1% jump in cash earnings to $1,064 million, which allowed the insurance giant to declare a special dividend and announce a $250 million on-market share buyback.

This went down well with the team at Credit Suisse. In response to its results, it has upgraded the company’s shares to an outperform rating with a $14.00 price target. It is positive in the company’s earnings and dividend growth prospects in the near term.

In respect to dividends, Credit Suisse is forecasting fully franked dividends of 73 cents per share in FY 2022 and then 74 cents in FY 2023. Based on the current Suncorp share price of $12.78, this will mean 5.7% and 5.8% yields, respectively.

Transurban Group (ASX: TCL)

Another ASX retirement share for investors to look at is this leading toll road operator.

Transurban has a portfolio of 17 roads in Australia and four in North America and a significant project pipeline across its networks that could support its growth in the coming years.

The current lockdowns are weighing on its performance, but it is expected to bounce back strongly once restrictions ease. After which, the aforementioned project pipeline provides it with a very positive long term outlook.

Macquarie remains positive on the company. Earlier this week it retained its outperform rating on its shares, albeit with a slightly trimmed price target of $14.91.

The broker is forecasting dividends per share of 47.7 cents in FY 2022 and then 62.7 cents in FY 2023. Based on the current Transurban share price of $13.42, this will mean yields of 3.6% and 4.7%, respectively.

The post 2 quality ASX shares for a retirement portfolio appeared first on The Motley Fool Australia.

More reading

• Top brokers name 3 ASX shares to buy today
• Why Aurizon, Brainchip, Ramelius, & Transurban shares are dropping
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) had an interesting day of trading today. At market close, the ASX 200 ended the day slightly higher, having risen 0.29% to 7,584 points. But let’s now take a deeper look into the ASX 200 shares that have been the most heavily traded today.

3 of the most heavily traded ASX 200 shares on Wednesday

Scentre Group (ASX: SCG)

ASX 200 Real Estate Investment Trust (REIT) Scentre is our first share to look at today. This Wednesday, a hefty 19.78 million Scentre units found a new home. That’s despite the Scentre unit price not doing a whole lot today. This REIT finish the day up 0.77% to $2.61 a unit. However, Scentre did confirm yesterday that it will be paying a distribution of 7 cents per unit next Monday. It’s possible this has resulted in a slight bump in trading volume today.

Novonix Ltd (ASX: NVX)

ASX 200 graphite and battery company Novonix makes this list for the second day in a row today, with a very substantial 20.56 million shares swapping hands. Novonix made quite the stir yesterday when its share price rocketed 14% after a resumption of trading. The company announced a large capital raising, which included an investment from a US oil giant. Investors seemed to be doubling down today with the Novonix share price closing up another 12.6%.

Pilbara Minerals Ltd (ASX: PLS)

ASX 200 lithium producer and perennial top trader Pilbara once again takes the crown for most traded ASX 200 share today. This Wednesday has seen a staggering 34.09 million Pilbara shares trade on the share market. This follows Pilbara making yet another all-time high today.

The company’s share price closed the day up 5.15% to $2.45 after hitting its new high watermark of $2.46 earlier this afternoon. It’s likely that these new highs are behind the heavy trading volume we saw with this company today. Pilbara is now up an incredible 60% in just the past month and a whopping 180% year to date so far in 2021.

The post Here are 3 of the most heavily traded ASX 200 shares today appeared first on The Motley Fool Australia.

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• Novonix (ASX:NVX) share price surges another 12%. Here’s why
• Top brokers name 3 ASX shares to buy today
• Why ASX 200 lithium shares are surging to new highs

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian share market is home to a number of quality companies with solid growth prospects.

Two that have been tipped to grow strongly over the long term are listed below. Here’s why analysts think investors should be buying their shares:

NEXTDC Ltd (ASX: NXT)

The first ASX growth share to look at is NEXTDC. It has a growing collection of world class data centres across Australia and a rich partner ecosystem. The latter comprises over 660 clouds, networks, and ICT specialty services.

The company isn’t settling for that, though. It recently announced plans for a fourth data centre in Sydney and is looking to expand its offering into both Singapore and Tokyo, which offer huge market opportunities.

After a strong performance in the first half, more of the same is expected in the second. This is being driven by the ongoing shift to the cloud, which is underpinning very strong demand for capacity in its centres. So much so, a good portion of its planned capacity additions have already been contracted.

One leading broker that is particularly positive on NEXTDC is Goldman Sachs. Its analysts currently have a conviction buy rating and $14.80 price target on its shares. Goldman is forecasting a 24% increase in revenue to $250 million in FY 2021.

Temple & Webster Group Ltd (ASX: TPW)

Another ASX growth share to look at is Temple & Webster. It is Australia’s leading online furniture and homewares retailer.

Temple & Webster recently released its full year results and revealed record revenue, profits, and customer numbers. For the 12 months ended 30 June, the company reported an 85% increase in revenue to $326.3 million and a 141% jump in earnings before interest, tax, depreciation and amortisation (EBITDA) to $20.5 million.

And while Temple & Webster’s growth may moderate when COVID tailwinds are easing, management remains very confident in its growth prospects. This is due to its strong position in a market which is still only beginning to see sales shift online. It is also investing heavily in order to take full advantage of the shift and grow its market share.

One leading broker that is very positive on Temple & Webster is Morgan Stanley. It has an overweight rating and $16.00 price target on its shares.

The post 2 top ASX growth shares analysts rate highly appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns shares of NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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