ABS Direct Equity Fund LLC Has $1.47 Million Holdings in Macro Bank Inc. $BMA

Key Points

• ABS Direct Equity Fund LLC cut its stake by 46.6% in Macro Bank (NYSE: BMA) in Q4, selling 14,250 shares to finish with 16,300 shares worth about $1.47 million (≈1.7% of the fund, its 22nd-largest holding).
• Macro Bank raised its monthly dividend to $0.4074 (paid April 27), implying an annualized yield of 6.7%, but the payout ratio is very high at 148.63%.
• Institutional buying has continued (Goldman Sachs, JPMorgan, Jane Street among others increased positions), while analysts have a consensus rating of Hold with an average target of $102.60 versus a recent open near $73.46 (12‑month range $38.30–$106.15).

ABS Direct Equity Fund LLC cut its stake in Macro Bank Inc. (NYSE:BMA - Free Report) by 46.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,300 shares of the bank's stock after selling 14,250 shares during the period. Macro Bank makes up approximately 1.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 22nd biggest position. ABS Direct Equity Fund LLC's holdings in Macro Bank were worth $1,470,000 as of its most recent SEC filing.

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

Macro Bank Stock Performance

NYSE:BMA opened at $73.46 on Thursday. Macro Bank Inc. has a 12-month low of $38.30 and a 12-month high of $106.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $4.69 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 0.57 and a beta of 1.52. The firm has a 50-day moving average price of $76.43 and a 200 day moving average price of $82.20.

Macro Bank (NYSE:BMA - Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The bank reported $0.11 earnings per share for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%.The company had revenue of $312.24 million for the quarter. Research analysts anticipate that Macro Bank Inc. will post 4.68 earnings per share for the current fiscal year.

Macro Bank Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a dividend of $0.4074 per share. This is an increase from Macro Bank's previous monthly dividend of $0.40. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date was Monday, April 20th. Macro Bank's dividend payout ratio is currently 148.63%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BMA shares. Zacks Research cut Macro Bank from a "hold" rating to a "strong sell" rating in a report on Monday, February 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Macro Bank in a report on Friday, March 27th. The Goldman Sachs Group cut their target price on Macro Bank from $111.00 to $98.00 and set a "buy" rating for the company in a research note on Monday, March 2nd. Finally, Wall Street Zen raised Macro Bank from a "sell" rating to a "hold" rating in a research report on Sunday, March 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Macro Bank has a consensus rating of "Hold" and an average target price of $102.60.

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.

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