Hsbc Holdings PLC Grows Stock Holdings in Macro Bank Inc. $BMA

Hsbc Holdings PLC grew its holdings in shares of Macro Bank Inc. (NYSE:BMA) by 85.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,228 shares of the bank’s stock after purchasing an additional 17,185 shares during the quarter. Hsbc Holdings PLC’s holdings in Macro Bank were worth $3,315,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in Macro Bank in the first quarter valued at $704,000. Jones Financial Companies Lllp boosted its stake in Macro Bank by 271,350.0% in the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after buying an additional 5,427 shares during the last quarter. Goldman Sachs Group Inc. grew 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 buying an additional 21,613 shares during the period. Jane Street Group LLC increased its stake in shares of Macro Bank by 106.5% during the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after acquiring an additional 7,067 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Macro Bank by 14.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock valued at $5,613,000 after acquiring an additional 10,211 shares during the last quarter.

Macro Bank Trading Up 0.2%

NYSE BMA opened at $91.59 on Monday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 0.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.08. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The company’s 50 day moving average price is $83.03 and its 200 day moving average price is $84.49.

Macro Bank (NYSE:BMA) last released its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.31. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. The company had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.75 million. On average, sell-side analysts predict that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were given a dividend of $0.5296 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio is 134.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BMA shares. JPMorgan Chase & Co. raised their target price on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. 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. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. Finally, HSBC raised 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Macro Bank has a consensus rating of “Buy” and a consensus price target of $111.25.

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.