Eurizon Capital SGR S.p.A. Buys New Holdings in Macro Bank Inc. $BMA

Eurizon Capital SGR S.p.A. bought a new stake in shares of Macro Bank Inc. (NYSE:BMA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,715 shares of the bank’s stock, valued at approximately $3,851,000. Eurizon Capital SGR S.p.A. owned 0.07% of Macro Bank at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BMA. NewEdge Advisors LLC purchased a new stake in Macro Bank during the 1st quarter valued at about $704,000. Jones Financial Companies Lllp raised its position in Macro Bank by 271,350.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock valued at $410,000 after purchasing an additional 5,427 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Macro Bank by 47.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock valued at $5,045,000 after purchasing an additional 21,613 shares during the last quarter. Jane Street Group LLC raised its position in Macro Bank by 106.5% during the 1st quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock valued at $1,035,000 after purchasing an additional 7,067 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Macro Bank by 14.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock valued at $5,613,000 after purchasing an additional 10,211 shares during the last quarter.

Macro Bank Stock Up 0.8%

Shares of NYSE:BMA opened at $91.52 on Tuesday. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $5.85 billion, a P/E ratio of 21.63, a P/E/G ratio of 0.58 and a beta of 1.42. The stock has a 50 day moving average price of $76.50 and a 200-day moving average price of $83.01.

Macro Bank (NYSE:BMA) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The company had revenue of $412.19 million during the quarter, compared to analyst estimates of $837.76 million. As a group, equities research analysts anticipate that Macro Bank Inc. will post 5.2 EPS for the current fiscal year.

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given a dividend of $0.545 per share. This is a boost from Macro Bank’s previous monthly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 18th. This represents a c) dividend on an annualized basis and a yield of 7.1%. Macro Bank’s dividend payout ratio is 138.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BMA shares. The Goldman Sachs Group lowered their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. Zacks Research raised Macro Bank from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised Macro Bank from a “sell” rating to a “hold” rating in a research report on Sunday, March 1st. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.25.

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.