Cubist Systematic Strategies LLC Sells 33,109 Shares of Banco Macro S.A. (NYSE:BMA)

Cubist Systematic Strategies LLC lowered its stake in shares of Banco Macro S.A. (NYSE:BMA) by 89.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,729 shares of the bank’s stock after selling 33,109 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Banco Macro were worth $214,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BMA. Headlands Technologies LLC bought a new position in Banco Macro in the 1st quarter valued at $33,000. Ashton Thomas Private Wealth LLC bought a new position in Banco Macro in the 2nd quarter valued at $51,000. Shilanski & Associates Inc. bought a new position in Banco Macro in the 2nd quarter valued at $244,000. Claro Advisors LLC bought a new position in Banco Macro in the 1st quarter valued at $260,000. Finally, Norden Group LLC bought a new position in Banco Macro in the 1st quarter valued at $261,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BMA shares. StockNews.com cut Banco Macro from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. raised Banco Macro from an “underweight” rating to a “neutral” rating and upped their price target for the company from $14.00 to $78.00 in a research report on Friday, August 30th. Finally, Bank of America raised Banco Macro from an “underperform” rating to a “neutral” rating and upped their price target for the company from $53.00 to $62.00 in a research report on Thursday, August 8th.

Banco Macro Stock Down 0.9 %

Shares of NYSE BMA opened at $74.13 on Tuesday. The business’s fifty day moving average price is $62.40 and its 200-day moving average price is $58.30. The stock has a market capitalization of $4.74 billion, a PE ratio of 4.38 and a beta of 1.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.79 and a quick ratio of 0.77. Banco Macro S.A. has a one year low of $17.30 and a one year high of $76.63.

Banco Macro (NYSE:BMA) last issued its quarterly earnings data 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 company 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 quarter last year, the business earned $2.69 earnings per share. On average, equities research analysts anticipate that Banco Macro S.A. will post 9.7 EPS for the current year.

Banco Macro Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were issued a dividend of $1.798 per share. This is a boost from Banco Macro’s previous monthly dividend of $1.74. The ex-dividend date was Friday, August 16th. This represents a $21.58 dividend on an annualized basis and a yield of 29.11%. Banco Macro’s dividend payout ratio is 127.41%.

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, and money transfers.