Pictet Asset Management Holding SA Decreases Position in Macro Bank Inc. $BMA

Pictet Asset Management Holding SA decreased its holdings in shares of Macro Bank Inc. (NYSE:BMA) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,408 shares of the bank’s stock after selling 70,697 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Macro Bank were worth $4,725,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in shares of Macro Bank during the third quarter valued at approximately $254,000. Monaco Asset Management SAM grew its stake in shares of Macro Bank by 536.2% during the third quarter. Monaco Asset Management SAM now owns 82,700 shares of the bank’s stock valued at $3,497,000 after buying an additional 69,700 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Macro Bank during the third quarter valued at approximately $992,000. Ramirez Asset Management Inc. grew its stake in shares of Macro Bank by 69.6% during the third quarter. Ramirez Asset Management Inc. now owns 56,718 shares of the bank’s stock valued at $2,399,000 after buying an additional 23,285 shares during the last quarter. Finally, X Square Capital LLC grew its stake in shares of Macro Bank by 1,215.0% during the third quarter. X Square Capital LLC now owns 71,536 shares of the bank’s stock valued at $3,025,000 after buying an additional 66,096 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BMA. The Goldman Sachs Group cut their target price on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Zacks Research raised Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Macro Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

Macro Bank Stock Down 0.1%

Shares of NYSE BMA opened at $68.76 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $4.39 billion, a PE ratio of 20.90, a price-to-earnings-growth ratio of 0.54 and a beta of 1.36. The stock’s fifty day simple moving average is $76.06 and its two-hundred day simple moving average is $82.56. Macro Bank Inc. has a 12-month low of $38.30 and a 12-month high of $106.15.

Macro Bank (NYSE:BMA) last issued its quarterly earnings data on Saturday, February 14th. The bank reported $0.11 earnings per share for the quarter. The company had revenue of $312.24 million for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. As a group, analysts expect that Macro Bank Inc. will post 4.71 EPS for the current fiscal year.

Macro Bank Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were issued a $0.4074 dividend. This is a boost from Macro Bank’s previous monthly dividend of $0.40. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, April 20th. Macro Bank’s dividend payout ratio is presently 148.33%.

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.