Hsbc Holdings PLC Increases Stock Holdings in Macro Bank Inc. $BMA

Hsbc Holdings PLC grew its stake in Macro Bank Inc. (NYSE:BMA) by 85.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,228 shares of the bank’s stock after purchasing an additional 17,185 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of Macro Bank worth $3,315,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PointState Capital LP grew its position in Macro Bank by 266.9% in the 4th quarter. PointState Capital LP now owns 857,488 shares of the bank’s stock valued at $77,311,000 after buying an additional 623,755 shares during the last quarter. Millennium Management LLC raised its position in Macro Bank by 100.7% during the 3rd quarter. Millennium Management LLC now owns 575,206 shares of the bank’s stock worth $24,325,000 after buying an additional 288,614 shares during the last quarter. Aquamarine Financial Cayman Ltd lifted its stake in shares of Macro Bank by 23.8% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 564,501 shares of the bank’s stock worth $50,895,000 after acquiring an additional 108,540 shares during the period. Cape Ann Asset Management Ltd lifted its stake in shares of Macro Bank by 0.8% in the 4th quarter. Cape Ann Asset Management Ltd now owns 465,016 shares of the bank’s stock worth $41,926,000 after acquiring an additional 3,800 shares during the period. Finally, Fundamenta Capital S.A. acquired a new stake in shares of Macro Bank in the 4th quarter worth $17,130,000.

Macro Bank Stock Performance

BMA opened at $91.59 on Monday. The stock’s 50 day simple moving average is $83.03 and its 200 day simple moving average is $84.49. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.08 and a quick ratio of 1.08. The stock has a market cap of $5.85 billion, a P/E ratio of 21.65, a P/E/G ratio of 0.59 and a beta of 1.42. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $106.15.

Macro Bank (NYSE:BMA) last released its quarterly earnings results on Thursday, May 28th. The bank reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.31. Macro Bank had a return on equity of 8.42% and a net margin of 5.81%.The business had revenue of $412.19 million during the quarter, compared to the consensus estimate of $837.75 million. As a group, equities analysts anticipate that Macro Bank Inc. will post 5.2 EPS for the current fiscal year.

Macro Bank Cuts Dividend

The business also recently disclosed 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) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is currently 134.04%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BMA shares. Wall Street Zen upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. JPMorgan Chase & Co. boosted their target price on Macro Bank from $120.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, HSBC raised Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Tuesday, May 5th. 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’s stock. According to MarketBeat.com, Macro Bank presently has a consensus rating of “Buy” and an average 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.