TT International Asset Management LTD Has $31.31 Million Stock Holdings in Macro Bank Inc. $BMA

TT International Asset Management LTD trimmed its stake in shares of Macro Bank Inc. (NYSE:BMA) by 17.2% in the third quarter, Holdings Channel.com reports. The fund owned 740,356 shares of the bank’s stock after selling 154,029 shares during the quarter. Macro Bank makes up approximately 4.4% of TT International Asset Management LTD’s investment portfolio, making the stock its 6th biggest position. TT International Asset Management LTD’s holdings in Macro Bank were worth $31,310,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BMA. Hsbc Holdings PLC lifted its position in shares of Macro Bank by 21.6% in the 1st quarter. Hsbc Holdings PLC now owns 29,754 shares of the bank’s stock worth $2,271,000 after purchasing an additional 5,284 shares during the period. Banco BTG Pactual S.A. increased its position in shares of Macro Bank by 868.2% during the first quarter. Banco BTG Pactual S.A. now owns 42,600 shares of the bank’s stock worth $3,217,000 after buying an additional 38,200 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $43,227,000 after buying an additional 33,390 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Macro Bank by 47.8% in the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock valued at $5,045,000 after buying an additional 21,613 shares during the period. Finally, Amundi bought a new stake in Macro Bank during the first quarter valued at $1,576,000.

Macro Bank Stock Up 1.7%

BMA opened at $88.46 on Tuesday. Macro Bank Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $118.42. The firm has a market capitalization of $5.65 billion, a P/E ratio of 40.02, a PEG ratio of 1.62 and a beta of 1.47. The company’s 50-day moving average is $75.24 and its 200 day moving average is $67.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 1.13.

Macro Bank (NYSE:BMA) last issued its quarterly earnings results on Wednesday, November 26th. The bank reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($1.06). The business had revenue of $668.70 million for the quarter, compared to analysts’ expectations of $590.57 million. Macro Bank had a net margin of 6.11% and a return on equity of 8.15%. Research analysts expect that Macro Bank Inc. will post 7.84 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th will be paid a $0.3585 dividend. The ex-dividend date is Tuesday, December 16th. This is a positive change from Macro Bank’s previous monthly dividend of $0.35. This represents a c) annualized dividend and a dividend yield of 4.9%. Macro Bank’s dividend payout ratio is 189.14%.

Wall Street Analysts Forecast Growth

BMA has been the topic of several research analyst reports. The Goldman Sachs Group upgraded Macro Bank to a “strong-buy” rating in a research report on Monday, November 10th. Itau BBA Securities upgraded Macro Bank from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Zacks Research upgraded shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. UBS Group started coverage on shares of Macro Bank in a research note on Wednesday, November 19th. They set a “buy” rating and a $130.00 target price on the stock. Finally, HSBC cut shares of Macro Bank from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Macro Bank presently has an average rating of “Moderate Buy” and an average target price of $103.75.

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.