Macro Bank Inc. $BMA Shares Purchased by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. increased its holdings in shares of Macro Bank Inc. (NYSE:BMA) by 58.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,477 shares of the bank’s stock after purchasing an additional 17,541 shares during the period. Banco BTG Pactual S.A.’s holdings in Macro Bank were worth $4,281,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BMA. Millennium Management LLC boosted its stake in Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after purchasing an additional 288,614 shares during the period. Fundamenta Capital S.A. acquired a new stake in Macro Bank during the 4th quarter worth $17,130,000. Cape Ann Asset Management Ltd boosted its stake in Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock worth $19,505,000 after purchasing an additional 183,700 shares during the period. 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 worth $8,439,000 after purchasing an additional 117,322 shares during the period. Finally, Capital Wealth Planning LLC acquired a new stake in Macro Bank during the 4th quarter worth $10,378,000.

Macro Bank Stock Up 11.6%

Shares of NYSE BMA opened at $97.85 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. Macro Bank Inc. has a 52 week low of $38.30 and a 52 week high of $106.15. The firm has a 50-day moving average price of $79.24 and a 200 day moving average price of $83.47. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate of $1.42 by $0.31. Macro Bank had a net margin of 5.81% and a return on equity of 8.47%. The firm had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.76 million. Equities research analysts anticipate that Macro Bank Inc. will post 5.2 EPS for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were paid a $0.5296 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 6.5%. Macro Bank’s dividend payout ratio (DPR) is 134.04%.

Wall Street Analyst Weigh In

BMA has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. HSBC upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

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.