3 days Ago By ABMN Staff
Ashton Thomas Private Wealth LLC purchased a new position in shares of Banco Macro S.A. ( NYSE:BMA – Free Report ) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm purchased 895 shares of the bank’s stock, valued at approximately $51,000. Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in Banco Macro in the fourth quarter valued at about $1,475,000.
HAP Trading LLC raised its position in shares of Banco Macro by 148.7% during the 4th quarter. HAP Trading LLC now owns 36,736 shares of the bank’s stock valued at $1,054,000 after acquiring an additional 21,964 shares in the last quarter.
Fourth Sail Capital LP acquired a new stake in shares of Banco Macro during the 1st quarter valued at approximately $9,038,000. Claro Advisors LLC bought a new position in Banco Macro during the first quarter worth $260,000. Finally, Norden Group LLC acquired a new position in Banco Macro in the first quarter worth $261,000.
Analyst Ratings Changes A number of equities research analysts recently weighed in on BMA shares. StockNews.com downgraded shares of Banco Macro from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.
JPMorgan Chase & Co. upgraded Banco Macro from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $14.00 to $78.
00 in a research report on Friday, August 30th. Finally, Bank of America upgraded Banco Macro from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $53.00 to $62.
00 in a research note on Thursday, August 8th. Banco Macro Stock Performance NYSE BMA opened at $67.76 on Monday.
Banco Macro S.A. has a 52 week low of $17.
30 and a 52 week high of $68.24. The company has a 50-day moving average price of $55.
44 and a two-hundred day moving average price of $54.61. The company has a debt-to-equity ratio of 0.
14, a quick ratio of 0.77 and a current ratio of 0.79.
Banco Macro ( NYSE:BMA – Get Free Report ) last announced its quarterly earnings results on Thursday, August 22nd. The bank reported ($4.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.
49 by ($5.50). The business had revenue of $1.
03 billion for the quarter. Banco Macro had a return on equity of 25.97% and a net margin of 12.
58%. During the same period in the previous year, the business earned $2.69 EPS.
Sell-side analysts expect that Banco Macro S.A. will post 9.
7 EPS for the current fiscal year. Banco Macro Increases Dividend The business also recently announced a monthly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were paid a dividend of $1.
798 per share. This is a boost from Banco Macro’s previous monthly dividend of $1.74.
The ex-dividend date of this dividend was Friday, August 16th. This represents a $21.58 annualized dividend and a yield of 31.
84%. Banco Macro’s dividend payout ratio (DPR) is presently 127.41%.
Banco Macro Company Profile ( Free Report ) Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. Featured Stories Receive News & Ratings for Banco Macro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Macro and related companies with MarketBeat.
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