Banco Macro S.A. (NYSE:BMA) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP lifted its position in Banco Macro S.A. (NYSE:BMA) by 72.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,558 shares of the bank’s stock after purchasing an additional 69,494 shares during the quarter. Marshall Wace LLP’s holdings in Banco Macro were worth $9,491,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BMA. Candriam S.C.A. purchased a new stake in Banco Macro in the second quarter valued at approximately $43,236,000. Hsbc Holdings PLC acquired a new stake in Banco Macro during the 4th quarter worth $1,475,000. LSV Asset Management grew its position in Banco Macro by 11.3% during the 1st quarter. LSV Asset Management now owns 64,000 shares of the bank’s stock worth $3,084,000 after purchasing an additional 6,500 shares during the last quarter. SG Americas Securities LLC acquired a new position in Banco Macro in the first quarter valued at $348,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Banco Macro in the second quarter valued at about $1,466,000.

Banco Macro Trading Up 1.5 %

Shares of Banco Macro stock opened at $66.44 on Monday. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 3.92 and a beta of 1.80. Banco Macro S.A. has a 52-week low of $17.30 and a 52-week high of $76.08. The company’s 50-day simple moving average is $58.53 and its 200-day simple moving average is $56.60. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 0.14.

Banco Macro (NYSE:BMA) last issued its earnings results on Thursday, August 22nd. The bank reported ($4.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($5.50). The business had revenue of $1.03 billion for the quarter. Banco Macro had a return on equity of 25.97% and a net margin of 12.58%. During the same period last year, the business posted $2.69 earnings per share. As a group, equities research analysts anticipate that Banco Macro S.A. will post 9.7 earnings per share for the current year.

Banco Macro Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a $1.798 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $21.58 dividend on an annualized basis and a yield of 32.47%. This is an increase from Banco Macro’s previous monthly dividend of $1.74. Banco Macro’s dividend payout ratio (DPR) is 127.41%.

Wall Street Analyst Weigh In

BMA has been the topic of a number of research reports. StockNews.com lowered Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday. JPMorgan Chase & Co. upgraded Banco Macro from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $14.00 to $78.00 in a research note on Friday, August 30th. Finally, Bank of America upgraded Banco Macro from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $53.00 to $62.00 in a research note on Thursday, August 8th.

Banco Macro 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.