Allspring Global Investments Holdings LLC Has $4.27 Million Stake in Macro Bank Inc. (NYSE:BMA)

Allspring Global Investments Holdings LLC boosted its position in Macro Bank Inc. (NYSE:BMA - Free Report) by 11.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,568 shares of the bank's stock after acquiring an additional 5,629 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Macro Bank worth $4,271,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. William Blair Investment Management LLC boosted its position in Macro Bank by 136.1% in the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after buying an additional 328,800 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Macro Bank by 84.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank's stock valued at $52,161,000 after buying an additional 247,070 shares in the last quarter. Duquesne Family Office LLC boosted its position in Macro Bank by 14.5% in the fourth quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank's stock valued at $46,970,000 after buying an additional 61,300 shares in the last quarter. PointState Capital LP boosted its position in Macro Bank by 25.1% in the fourth quarter. PointState Capital LP now owns 339,020 shares of the bank's stock valued at $32,804,000 after buying an additional 68,096 shares in the last quarter. Finally, Axiom Investors LLC DE boosted its position in Macro Bank by 72.8% in the fourth quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after buying an additional 127,678 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BMA. Itau BBA Securities initiated coverage on shares of Macro Bank in a research report on Tuesday, May 20th. They issued a "market perform" rating and a $85.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Macro Bank from $78.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Macro Bank has an average rating of "Hold" and an average target price of $62.13.

Macro Bank Trading Down 5.3%

Shares of NYSE:BMA traded down $3.72 during mid-day trading on Monday, reaching $66.28. 257,331 shares of the company's stock were exchanged, compared to its average volume of 316,616. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 5.81, a PEG ratio of 0.28 and a beta of 1.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.05 and a current ratio of 1.05. Macro Bank Inc. has a twelve month low of $42.23 and a twelve month high of $118.42. The business's fifty day moving average price is $81.88 and its 200-day moving average price is $88.13.

Macro Bank (NYSE:BMA - Get Free Report) last released its earnings results on Wednesday, May 28th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($1.11). The firm had revenue of $759.36 million during the quarter, compared to analyst estimates of $837.49 billion. Macro Bank had a net margin of 1.12% and a return on equity of 1.50%. On average, research analysts predict that Macro Bank Inc. will post 7.84 EPS for the current fiscal year.

Macro Bank Company Profile

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, and money transfers.