Macro Bank Inc. $BMA Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its stake in shares of Macro Bank Inc. (NYSE:BMA) by 17.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,029 shares of the bank’s stock after selling 5,044 shares during the period. Invesco Ltd.’s holdings in Macro Bank were worth $1,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Macro Bank by 84.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank’s stock worth $52,161,000 after buying an additional 247,070 shares during the last quarter. Duquesne Family Office LLC boosted its stake in Macro Bank by 14.5% during the fourth quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank’s stock worth $46,970,000 after buying an additional 61,300 shares during the last quarter. PointState Capital LP boosted its stake in Macro Bank by 25.1% during the fourth quarter. PointState Capital LP now owns 339,020 shares of the bank’s stock worth $32,804,000 after buying an additional 68,096 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Macro Bank by 83.0% during the fourth quarter. Brevan Howard Capital Management LP now owns 145,761 shares of the bank’s stock worth $14,378,000 after buying an additional 66,109 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Macro Bank by 9,810.7% during the first quarter. GAMMA Investing LLC now owns 77,700 shares of the bank’s stock worth $5,867,000 after buying an additional 76,916 shares during the last quarter.

Macro Bank Stock Performance

NYSE BMA opened at $58.14 on Monday. The stock has a market cap of $3.72 billion, a PE ratio of 5.10, a P/E/G ratio of 0.63 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.11. Macro Bank Inc. has a twelve month low of $52.33 and a twelve month high of $118.42. The stock has a fifty day simple moving average of $68.26 and a 200-day simple moving average of $78.36.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Wednesday, August 27th. The bank reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The business had revenue of $834.78 million for the quarter, compared to analysts’ expectations of $752.51 million. Macro Bank had a return on equity of 10.94% and a net margin of 8.32%. Equities analysts anticipate that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were paid a dividend of $0.3658 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a c) annualized dividend and a yield of 7.5%. Macro Bank’s dividend payout ratio is presently 38.48%.

Analyst Ratings Changes

Separately, Itau BBA Securities initiated coverage on Macro Bank in a research note on Tuesday, May 20th. They set a “market perform” rating and a $85.00 price objective on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Macro Bank currently has a consensus rating of “Hold” and an average target price of $62.17.

Macro Bank Company Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.