Oaktree Capital Management LP Sells 199,871 Shares of Macro Bank Inc. $BMA

Oaktree Capital Management LP decreased its position in Macro Bank Inc. (NYSE:BMA) by 76.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,591 shares of the bank’s stock after selling 199,871 shares during the period. Oaktree Capital Management LP owned approximately 0.09% of Macro Bank worth $4,254,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Macro Bank by 6.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,464 shares of the bank’s stock worth $43,227,000 after buying an additional 33,390 shares during the last quarter. Gemsstock Ltd. grew its holdings in shares of Macro Bank by 30.3% during the first quarter. Gemsstock Ltd. now owns 206,725 shares of the bank’s stock valued at $15,610,000 after buying an additional 48,100 shares during the last quarter. Sagil Capital LLP bought a new position in Macro Bank in the 2nd quarter valued at approximately $10,094,000. Marshall Wace LLP boosted its stake in Macro Bank by 4,089.3% during the 2nd quarter. Marshall Wace LLP now owns 120,191 shares of the bank’s stock valued at $8,439,000 after purchasing an additional 117,322 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Macro Bank by 87.9% during the first quarter. Cubist Systematic Strategies LLC now owns 107,053 shares of the bank’s stock valued at $8,084,000 after purchasing an additional 50,067 shares in the last quarter.

Macro Bank Stock Up 0.1%

BMA opened at $88.16 on Friday. The firm’s 50 day simple moving average is $69.00 and its two-hundred day simple moving average is $68.30. The company has a market capitalization of $5.63 billion, a PE ratio of 39.89, a PEG ratio of 1.64 and a beta of 1.46. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $118.42. The company has a current ratio of 1.16, a quick ratio of 1.13 and a debt-to-equity ratio of 0.30.

Macro Bank (NYSE:BMA) last posted its quarterly earnings data on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing the consensus estimate of $0.67 by ($1.06). Macro Bank had a return on equity of 8.15% and a net margin of 6.11%.The company had revenue of $668.70 million during the quarter, compared to analysts’ expectations of $590.57 million. As a group, equities analysts forecast that Macro Bank Inc. will post 7.84 EPS for the current year.

Macro Bank Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were given a $0.3486 dividend. The ex-dividend date was Monday, November 17th. This is a positive change from Macro Bank’s previous monthly dividend of $0.31. This represents a c) dividend on an annualized basis and a yield of 4.7%. Macro Bank’s dividend payout ratio (DPR) is currently 189.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Macro Bank in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Macro Bank from $79.00 to $120.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. The Goldman Sachs Group raised shares of Macro Bank to a “strong-buy” rating in a report on Monday, November 10th. Itau BBA Securities upgraded shares of Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Finally, Citigroup raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Macro Bank presently has an average rating of “Buy” and a consensus target price of $85.50.

About Macro Bank

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.