Pictet Asset Management Holding SA Has $8.28 Million Holdings in Macro Bank Inc. $BMA

Pictet Asset Management Holding SA raised its holdings in Macro Bank Inc. (NYSE:BMA) by 104.2% during the first quarter, HoldingsChannel.com reports. The fund owned 107,005 shares of the bank’s stock after purchasing an additional 54,597 shares during the period. Pictet Asset Management Holding SA’s holdings in Macro Bank were worth $8,279,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of Macro Bank in the 3rd quarter valued at approximately $46,000. SBI Securities Co. Ltd. increased its position in Macro Bank by 43.8% during the 4th quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares in the last quarter. Van ECK Associates Corp acquired a new position in Macro Bank during the 3rd quarter worth approximately $72,000. Aquatic Capital Management LLC bought a new position in Macro Bank in the 3rd quarter valued at approximately $151,000. Finally, Quantbot Technologies LP lifted its stake in Macro Bank by 46.8% in the 3rd quarter. Quantbot Technologies LP now owns 4,856 shares of the bank’s stock valued at $205,000 after purchasing an additional 1,548 shares during the last quarter.

Wall Street Analysts Forecast Growth

BMA has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $111.25.

Macro Bank Stock Down 0.1%

NYSE:BMA opened at $90.16 on Friday. The firm’s 50 day simple moving average is $84.03 and its 200 day simple moving average is $84.61. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The company has a market cap of $5.76 billion, a PE ratio of 21.31, a P/E/G ratio of 0.58 and a beta of 1.43.

Macro Bank (NYSE:BMA) last posted its earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a net margin of 5.81% and a return on equity of 8.42%. The firm had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.75 million. On average, research analysts anticipate that Macro Bank Inc. will post 5.2 earnings per share for the current year.

Macro Bank Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.5296 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s payout ratio is 134.04%.

Macro Bank Company 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.