Pictet Asset Management Holding SA Acquires 54,597 Shares of Macro Bank Inc. $BMA

Pictet Asset Management Holding SA lifted its holdings in Macro Bank Inc. (NYSE:BMA) by 104.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,005 shares of the bank’s stock after acquiring an additional 54,597 shares during the period. Pictet Asset Management Holding SA owned approximately 0.17% of Macro Bank worth $8,279,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in Macro Bank in the 1st quarter valued at about $704,000. Jones Financial Companies Lllp grew its position in shares of Macro Bank by 271,350.0% during the 1st quarter. Jones Financial Companies Lllp now owns 5,429 shares of the bank’s stock worth $410,000 after purchasing an additional 5,427 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Macro Bank by 47.8% during the first quarter. Goldman Sachs Group Inc. now owns 66,816 shares of the bank’s stock worth $5,045,000 after purchasing an additional 21,613 shares during the period. Jane Street Group LLC increased its holdings in shares of Macro Bank by 106.5% during the first quarter. Jane Street Group LLC now owns 13,705 shares of the bank’s stock worth $1,035,000 after purchasing an additional 7,067 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Macro Bank by 14.6% in the second quarter. JPMorgan Chase & Co. now owns 79,947 shares of the bank’s stock valued at $5,613,000 after buying an additional 10,211 shares in the last quarter.

Macro Bank Stock Performance

Shares of Macro Bank stock opened at $90.16 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.76 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 0.58 and a beta of 1.43. The company has a 50 day moving average of $84.03 and a 200-day moving average of $84.61. Macro Bank Inc. has a 1-year low of $38.30 and a 1-year high of $106.15.

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

Macro Bank Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 2nd were issued a $0.5296 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s dividend payout ratio (DPR) is currently 134.04%.

Analysts Set New Price Targets

BMA has been the subject of several recent research reports. Wall Street Zen upgraded Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price objective on Macro Bank from $120.00 to $132.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised Macro Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Macro Bank has a consensus rating of “Buy” and a consensus price target of $111.25.

Macro Bank 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.