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

UBS Group AG raised its holdings in Macro Bank Inc. (NYSE:BMA) by 59.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,556 shares of the bank’s stock after purchasing an additional 32,063 shares during the quarter. UBS Group AG owned 0.13% of Macro Bank worth $7,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BMA. Advisory Services Network LLC acquired a new position in shares of Macro Bank in the 3rd quarter valued at about $46,000. Van ECK Associates Corp purchased a new stake in Macro Bank in the 3rd quarter worth approximately $72,000. Advisors Preferred LLC acquired a new stake in shares of Macro Bank during the 3rd quarter worth approximately $117,000. Aquatic Capital Management LLC acquired a new stake in shares of Macro Bank during the 3rd quarter worth approximately $151,000. Finally, Quantbot Technologies LP increased its holdings in shares of Macro Bank by 46.8% during the 3rd quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,548 shares in the last quarter.

Macro Bank Trading Up 2.3%

Shares of BMA opened at $72.41 on Tuesday. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The stock has a market cap of $4.63 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 0.56 and a beta of 1.36. The firm’s fifty day moving average is $74.28 and its two-hundred day moving average is $83.48. 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 (NYSE:BMA) last issued its earnings results on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. The business had revenue of $312.24 million during the quarter. Macro Bank had a net margin of 4.99% and a return on equity of 6.85%. Research analysts forecast that Macro Bank Inc. will post 4.71 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a $0.4074 dividend. This is a positive change from Macro Bank’s previous monthly dividend of $0.40. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 6.8%. Macro Bank’s dividend payout ratio is 148.63%.

Analysts Set New Price Targets

BMA has been the subject of several analyst reports. The Goldman Sachs Group decreased their target price 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. Wall Street Zen upgraded shares of Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Zacks Research raised shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a report on Friday, March 27th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.60.

Macro Bank Profile

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.