Eurizon Capital SGR S.p.A. Acquires New Stake in Macro Bank Inc. $BMA

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Macro Bank Inc. (NYSE:BMA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 42,715 shares of the bank’s stock, valued at approximately $3,851,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BMA. Monaco Asset Management SAM boosted its stake in Macro Bank by 536.2% during the 3rd quarter. Monaco Asset Management SAM now owns 82,700 shares of the bank’s stock valued at $3,497,000 after purchasing an additional 69,700 shares during the last quarter. Ramirez Asset Management Inc. boosted its stake in Macro Bank by 69.6% during the 3rd quarter. Ramirez Asset Management Inc. now owns 56,718 shares of the bank’s stock valued at $2,399,000 after purchasing an additional 23,285 shares during the last quarter. X Square Capital LLC boosted its stake in Macro Bank by 1,215.0% during the 3rd quarter. X Square Capital LLC now owns 71,536 shares of the bank’s stock valued at $3,025,000 after purchasing an additional 66,096 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Macro Bank during the 3rd quarter valued at $992,000. Finally, Militia Capital Partners LP purchased a new stake in Macro Bank during the 3rd quarter valued at $1,776,000.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Zacks Research upgraded Macro Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. 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. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Macro Bank in a research note on Friday, March 27th. Finally, Wall Street Zen upgraded Macro Bank from a “sell” rating to a “hold” rating in a research note on Sunday, March 1st. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Macro Bank Price Performance

Shares of Macro Bank stock opened at $91.52 on Tuesday. Macro Bank Inc. has a one year low of $38.30 and a one year high of $106.15. The stock’s fifty day moving average is $76.50 and its 200 day moving average is $83.01. The stock has a market cap 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 company has a debt-to-equity ratio of 0.29, a quick ratio of 1.11 and a current ratio of 1.11.

Macro Bank (NYSE:BMA) last announced its earnings results on Wednesday, May 27th. The bank reported $1.73 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $837.76 million. Sell-side analysts anticipate that Macro Bank Inc. will post 5.2 earnings per share for the current year.

Macro Bank Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were issued a $0.545 dividend. 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%. This is an increase from Macro Bank’s previous monthly dividend of $0.41. Macro Bank’s payout ratio is 138.06%.

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.