EMS Capital LP continued to hold its position in Macro Bank Inc. (NYSE:BMA) during the first quarter, Holdings Channel reports. The fund owned 566,400 shares of the bank’s stock at the end of the first quarter. Macro Bank accounts for 4.6% of EMS Capital LP’s holdings, making the stock its 7th largest position. EMS Capital LP owned about 0.97% of Macro Bank worth $49,107,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment Corp IL bought a new position in shares of Macro Bank during the first quarter worth $206,000. Manning & Napier Advisors LLC bought a new position in shares of Macro Bank during the first quarter worth $3,682,000. Quadrature Capital Ltd bought a new position in shares of Macro Bank during the fourth quarter worth $418,000. Putnam Investments LLC boosted its position in shares of Macro Bank by 660.4% in the fourth quarter. Putnam Investments LLC now owns 162,790 shares of the bank’s stock worth $10,476,000 after buying an additional 141,381 shares in the last quarter. Finally, Bienville Capital Management LLC boosted its position in shares of Macro Bank by 12.3% in the fourth quarter. Bienville Capital Management LLC now owns 237,520 shares of the bank’s stock worth $15,284,000 after buying an additional 26,083 shares in the last quarter. 23.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Macro Bank Inc. (NYSE BMA) traded up 0.32% during trading on Friday, reaching $86.80. The company had a trading volume of 318,827 shares. The company has a 50 day moving average of $88.79 and a 200-day moving average of $80.28. Macro Bank Inc. has a 52-week low of $61.12 and a 52-week high of $97.86. The firm has a market capitalization of $5.07 billion, a P/E ratio of 11.76 and a beta of 1.37.
The business also recently announced a … dividend, which will be paid on Friday, June 23rd. Shareholders of record on Friday, June 16th will be paid a $0.002 dividend. This represents a yield of 0.86%. The ex-dividend date is Wednesday, June 14th. Macro Bank’s payout ratio is 19.92%.
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A number of equities analysts recently weighed in on BMA shares. J P Morgan Chase & Co cut Macro Bank from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 16th. Zacks Investment Research raised Macro Bank from a “hold” rating to a “strong-buy” rating and set a $101.00 price target on the stock in a research note on Thursday, May 11th. Finally, Credit Suisse Group raised Macro Bank from a “neutral” rating to an “outperform” rating in a research note on Tuesday.
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.
Want to see what other hedge funds are holding BMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Macro Bank Inc. (NYSE:BMA).
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