Dorsey Wright & Associates bought a new stake in Macro Bank Inc. (NYSE:BMA) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 32,780 shares of the bank’s stock, valued at approximately $1,370,000.

Other hedge funds have also added to or reduced their stakes in the company. Rational Advisors LLC grew its holdings in shares of Macro Bank by 64.3% in the second quarter. Rational Advisors LLC now owns 2,300 shares of the bank’s stock valued at $212,000 after acquiring an additional 900 shares in the last quarter. Bailard Inc. bought a new position in shares of Macro Bank in the first quarter valued at approximately $220,000. Bank of New York Mellon Corp bought a new position in shares of Macro Bank in the first quarter valued at approximately $269,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Macro Bank in the first quarter valued at approximately $269,000. Finally, Gramercy Funds Management LLC bought a new position in shares of Macro Bank in the first quarter valued at approximately $274,000. 31.54% of the stock is owned by institutional investors.

Macro Bank Inc. (BMA) traded down 0.33% during trading on Thursday, hitting $103.33. 15,678 shares of the stock traded hands. The firm has a 50-day moving average price of $96.11 and a 200 day moving average price of $89.26. The firm has a market cap of $6.80 billion, a PE ratio of 16.51 and a beta of 1.37. Macro Bank Inc. has a 12 month low of $61.12 and a 12 month high of $108.99.

Several research firms have recently issued reports on BMA. Zacks Investment Research lowered Macro Bank from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Goldman Sachs Group, Inc. (The) lowered Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price for the company. in a report on Monday. BidaskClub raised Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Credit Suisse Group raised Macro Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 13th. Finally, ValuEngine raised Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $116.35.

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Macro Bank Profile

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

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Institutional Ownership by Quarter for Macro Bank (NYSE:BMA)

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