Dorsey Wright & Associates raised its holdings in Macro Bank Inc. (NYSE:BMA) by 40.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,047 shares of the bank’s stock after buying an additional 13,267 shares during the quarter. Macro Bank accounts for 1.3% of Dorsey Wright & Associates’ investment portfolio, making the stock its 15th largest holding. Dorsey Wright & Associates owned about 0.07% of Macro Bank worth $5,489,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada lifted its stake in Macro Bank by 66.6% in the second quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock valued at $129,000 after buying an additional 560 shares during the period. Rational Advisors LLC lifted its stake in Macro Bank by 64.3% in the second quarter. Rational Advisors LLC now owns 2,300 shares of the bank’s stock valued at $212,000 after buying an additional 900 shares during the period. Advisor Group Inc. lifted its stake in Macro Bank by 3,796.7% in the second quarter. Advisor Group Inc. now owns 2,377 shares of the bank’s stock valued at $219,000 after buying an additional 2,316 shares during the period. Indiana Trust & Investment Management CO acquired a new position in Macro Bank in the third quarter valued at approximately $228,000. Finally, Tudor Investment Corp ET AL acquired a new position in Macro Bank in the second quarter valued at approximately $229,000. 28.11% of the stock is currently owned by hedge funds and other institutional investors.
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Several research firms have recently commented on BMA. ValuEngine upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Zacks Investment Research downgraded Macro Bank from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Santander downgraded Macro Bank from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) downgraded Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price objective for the company. in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Macro Bank currently has a consensus rating of “Hold” and an average target price of $116.35.
Macro Bank Inc. (BMA) traded down $3.85 during midday trading on Monday, hitting $117.18. The stock had a trading volume of 201,300 shares, compared to its average volume of 182,970. The company has a market capitalization of $7,717.01, a P/E ratio of 14.98, a price-to-earnings-growth ratio of 2.86 and a beta of 1.33. Macro Bank Inc. has a 52-week low of $61.12 and a 52-week high of $136.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.24 and a current ratio of 1.24.
Macro Bank Profile
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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