State of New Jersey Common Pension Fund D increased its stake in Macro Bank Inc. (NYSE:BMA) by 24.5% during the second quarter, Holdings Channel reports. The institutional investor owned 78,703 shares of the bank’s stock after buying an additional 15,510 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Macro Bank were worth $7,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BMA. Genesis Asset Managers LLP boosted its position in shares of Macro Bank by 13.4% in the second quarter. Genesis Asset Managers LLP now owns 1,155,491 shares of the bank’s stock valued at $106,525,000 after buying an additional 136,358 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Macro Bank by 31.3% in the first quarter. William Blair Investment Management LLC now owns 406,520 shares of the bank’s stock valued at $35,245,000 after buying an additional 96,884 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Macro Bank by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 290,159 shares of the bank’s stock valued at $25,157,000 after buying an additional 71,558 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Macro Bank by 8.0% in the second quarter. Russell Investments Group Ltd. now owns 238,071 shares of the bank’s stock valued at $21,946,000 after buying an additional 17,653 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Macro Bank by 27.6% in the first quarter. Wells Fargo & Company MN now owns 132,266 shares of the bank’s stock valued at $11,429,000 after buying an additional 28,581 shares in the last quarter. Institutional investors and hedge funds own 23.69% of the company’s stock.

Macro Bank Inc. (NYSE:BMA) opened at 85.34 on Friday. The stock’s 50 day moving average price is $88.50 and its 200 day moving average price is $85.78. Macro Bank Inc. has a one year low of $61.12 and a one year high of $97.86. The firm has a market capitalization of $49.89 billion, a PE ratio of 127.18 and a beta of 1.39.

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BMA has been the topic of several recent research reports. Zacks Investment Research cut Macro Bank from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group upgraded Macro Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 13th. Finally, ValuEngine upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.75.

About Macro Bank

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

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Institutional Ownership by Quarter for Macro Bank (NYSE:BMA)

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