Allspring Global Investments Holdings LLC Sells 21,634 Shares of Macro Bank Inc. $BMA

Allspring Global Investments Holdings LLC lowered its holdings in Macro Bank Inc. (NYSE:BMA) by 49.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,324 shares of the bank’s stock after selling 21,634 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Macro Bank were worth $1,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Deltec Asset Management LLC increased its holdings in Macro Bank by 51.8% in the 1st quarter. Deltec Asset Management LLC now owns 12,600 shares of the bank’s stock worth $975,000 after buying an additional 4,300 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Macro Bank by 14.1% during the 1st quarter. Deprince Race & Zollo Inc. now owns 48,541 shares of the bank’s stock valued at $3,756,000 after acquiring an additional 6,015 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Macro Bank by 104.2% during the 1st quarter. Pictet Asset Management Holding SA now owns 107,005 shares of the bank’s stock valued at $8,279,000 after acquiring an additional 54,597 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Macro Bank by 85.7% during the 4th quarter. Hsbc Holdings PLC now owns 37,228 shares of the bank’s stock valued at $3,315,000 after acquiring an additional 17,185 shares during the last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of Macro Bank in the fourth quarter worth approximately $6,762,000.

Macro Bank Trading Down 2.8%

Macro Bank stock opened at $89.06 on Friday. The business has a 50-day simple moving average of $89.64 and a two-hundred day simple moving average of $84.86. The company has a market cap of $5.69 billion, a P/E ratio of 21.06, a P/E/G ratio of 0.57 and a beta of 1.43. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.27.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $837.75 million. Analysts predict that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 2nd were given a dividend of $0.5296 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s payout ratio is 128.84%.

Analyst Ratings Changes

Several research firms have recently weighed in on BMA. HSBC raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 16th. Finally, Zacks Research raised Macro Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $111.25.

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.