Macro Bank Inc. $BMA Shares Bought by UBS Group AG

UBS Group AG raised its stake in Macro Bank Inc. (NYSE:BMA) by 59.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,556 shares of the bank’s stock after buying an additional 32,063 shares during the quarter. UBS Group AG’s holdings in Macro Bank were worth $7,714,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BMA. NewEdge Advisors LLC acquired a new position in shares of Macro Bank during the 1st quarter valued at about $704,000. Jones Financial Companies Lllp raised its stake in Macro Bank by 271,350.0% during the first quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after purchasing an additional 5,427 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Macro Bank by 47.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock valued at $5,045,000 after purchasing an additional 21,613 shares during the last quarter. Jane Street Group LLC boosted its holdings in Macro Bank by 106.5% in the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after purchasing an additional 7,067 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Macro Bank by 14.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock valued at $5,613,000 after buying an additional 10,211 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, May 5th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.60.

Macro Bank Stock Performance

NYSE:BMA opened at $72.41 on Tuesday. Macro Bank Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $106.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average price of $74.28 and a 200 day moving average price of $83.48. The stock has a market capitalization of $4.63 billion, a P/E ratio of 22.01, a PEG ratio of 0.56 and a beta of 1.36.

Macro Bank (NYSE:BMA) last announced its earnings results on Saturday, February 14th. The bank reported $0.11 earnings per share (EPS) for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The company had revenue of $312.24 million for the quarter. Equities research analysts forecast that Macro Bank Inc. will post 4.71 EPS for the current year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were issued a $0.4074 dividend. The ex-dividend date was Monday, April 20th. This represents a c) annualized dividend and a dividend yield of 6.8%. This is a boost from Macro Bank’s previous monthly dividend of $0.40. Macro Bank’s dividend payout ratio (DPR) is presently 148.63%.

About Macro Bank

Macro Bank (NYSE: BMA) is the American depositary receipt program of Banco Macro SA, one of the largest privately owned banks in Argentina. Headquartered in Buenos Aires, the institution delivers a comprehensive suite of banking solutions to retail, corporate and agricultural customers across the country. Through its extensive branch network and digital platforms, Macro Bank aims to serve diverse client segments with tailored financial products and services.

The bank’s offerings span traditional deposit accounts—including checking, savings and term deposits—alongside payment and transaction services.