Monaco Asset Management SAM Lowers Stock Holdings in Macro Bank Inc. $BMA

Monaco Asset Management SAM reduced its position in Macro Bank Inc. (NYSE:BMA) by 92.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,900 shares of the bank’s stock after selling 76,800 shares during the period. Monaco Asset Management SAM’s holdings in Macro Bank were worth $532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BMA. Candriam S.C.A. purchased a new stake in Macro Bank in the 3rd quarter worth approximately $13,643,000. Millennium Management LLC grew its stake in shares of Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock valued at $24,325,000 after buying an additional 288,614 shares during the period. Fundamenta Capital S.A. purchased a new stake in shares of Macro Bank during the 4th quarter valued at $17,130,000. Cape Ann Asset Management Ltd grew its stake in shares of Macro Bank by 66.2% during the 3rd quarter. Cape Ann Asset Management Ltd now owns 461,216 shares of the bank’s stock valued at $19,505,000 after buying an additional 183,700 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of 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 buying an additional 117,322 shares during the period.

Macro Bank Stock Performance

NYSE:BMA opened at $90.69 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50-day moving average of $76.05 and a two-hundred day moving average of $82.96. The stock has a market cap of $5.80 billion, a P/E ratio of 21.44, a PEG ratio of 0.58 and a beta of 1.42. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $106.15.

Macro Bank (NYSE:BMA) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. The company had revenue of $412.19 million during the quarter, compared to analysts’ expectations of $837.76 million. Macro Bank had a net margin of 5.81% and a return on equity of 8.47%. On average, research analysts expect that Macro Bank Inc. will post 5.2 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.545 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Monday, May 18th. This is an increase from Macro Bank’s previous monthly dividend of $0.41. Macro Bank’s dividend payout ratio is currently 138.06%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BMA shares. Zacks Research raised shares of Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen raised shares of Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. The Goldman Sachs Group lowered their price objective 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. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Finally, HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, May 5th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Macro Bank has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

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.