Claro Advisors LLC Invests $260,000 in Banco Macro S.A. (NYSE:BMA)

Claro Advisors LLC acquired a new position in shares of Banco Macro S.A. (NYSE:BMA) in the 1st quarter, HoldingsChannel reports. The fund acquired 5,390 shares of the bank’s stock, valued at approximately $260,000.

Several other large investors also recently modified their holdings of BMA. Fourth Sail Capital LP acquired a new stake in shares of Banco Macro during the 1st quarter worth approximately $9,038,000. Glenorchy Capital Ltd acquired a new stake in shares of Banco Macro during the 4th quarter worth approximately $2,217,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Banco Macro by 54.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 208,944 shares of the bank’s stock worth $5,997,000 after buying an additional 73,524 shares during the period. Quadrature Capital Ltd grew its position in shares of Banco Macro by 498.7% during the 3rd quarter. Quadrature Capital Ltd now owns 64,502 shares of the bank’s stock worth $1,273,000 after buying an additional 53,729 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Banco Macro during the 4th quarter worth approximately $1,475,000.

Banco Macro Stock Performance

NYSE BMA opened at $52.98 on Tuesday. The company has a fifty day simple moving average of $59.74 and a 200 day simple moving average of $45.04. Banco Macro S.A. has a 12-month low of $17.30 and a 12-month high of $68.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 1.05.

Banco Macro (NYSE:BMA) last posted its quarterly earnings results on Thursday, May 23rd. The bank reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $2.83. Banco Macro had a net margin of 16.33% and a return on equity of 37.91%. The business had revenue of $1.87 billion during the quarter. As a group, sell-side analysts expect that Banco Macro S.A. will post 11.83 earnings per share for the current fiscal year.

Banco Macro Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 24th. Shareholders of record on Monday, June 17th were paid a dividend of $1.742 per share. The ex-dividend date was Monday, June 17th. This is a boost from Banco Macro’s previous monthly dividend of $0.43. This represents a $20.90 annualized dividend and a yield of 39.46%. Banco Macro’s dividend payout ratio (DPR) is 123.45%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Banco Macro from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 15th.

Banco Macro 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 (ATMs), and money transfers.