Macro Bank Inc. $BMA Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Macro Bank stake by 53.3% in the third quarter, adding 95,014 shares to own 273,122 shares valued at approximately $18.28 million.
• Analyst sentiment remains mixed but leans positive: Macro Bank has a consensus “Moderate Buy” rating and a $101.25 target price, despite several recent rating downgrades and UBS lowering its target to $90.
• Macro Bank reported quarterly EPS of $2.29, beating expectations of $1.86, while revenue reached $1 billion versus the $946.46 million consensus estimate. Shares opened at $65.96, near the lower end of their $56.52–$106.15 one-year range.

Robeco Institutional Asset Management B.V. increased its holdings in Macro Bank Inc. (NYSE:BMA - Free Report) by 53.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 273,122 shares of the bank's stock after acquiring an additional 95,014 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.43% of Macro Bank worth $18,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Engineers Gate Manager LP bought a new stake in Macro Bank during the second quarter worth $1,418,000. Absolute Gestao de Investimentos Ltda. bought a new position in Macro Bank in the 1st quarter valued at $7,815,000. Militia Capital Management LLC bought a new position in Macro Bank in the 1st quarter valued at $2,932,000. Hsbc Holdings PLC grew its stake in Macro Bank by 85.7% in the 4th quarter. Hsbc Holdings PLC now owns 37,228 shares of the bank's stock valued at $3,315,000 after purchasing an additional 17,185 shares during the period. Finally, ABS Direct Equity Fund LLC bought a new position in Macro Bank in the 2nd quarter valued at $2,268,000.

Wall Street Analyst Weigh In

BMA has been the topic of a number of recent analyst reports. UBS Group lowered their target price on Macro Bank from $130.00 to $90.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Itau BBA Securities downgraded shares of Macro Bank from an "outperform" rating to a "market perform" rating in a report on Thursday, September 3rd. Wall Street Zen lowered shares of Macro Bank from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 5th. Finally, Weiss Ratings downgraded shares of Macro Bank from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $101.25.

Macro Bank Stock Performance

Shares of BMA opened at $65.96 on Friday. The firm has a market cap of $4.21 billion, a PE ratio of 14.43, a PEG ratio of 0.28 and a beta of 1.37. The stock's fifty day moving average price is $71.95 and its two-hundred day moving average price is $80.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.10 and a quick ratio of 1.08. Macro Bank Inc. has a 1 year low of $56.52 and a 1 year high of $106.15.

Macro Bank (NYSE:BMA - Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The bank reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.43. Macro Bank had a return on equity of 8.65% and a net margin of 5.95%. The firm had revenue of $1 billion for the quarter, compared to analysts' expectations of $946.46 million. On average, equities research analysts forecast that Macro Bank Inc. will post 8.35 EPS for the current year.

Macro Bank Company Profile

Banco Macro SA is an Argentine financial institution headquartered in Buenos Aires and listed on the New York Stock Exchange under the symbol BMA. The bank provides banking and financial services to individuals, small and medium-sized businesses, corporate customers and public-sector entities throughout Argentina.

Its offerings include deposit accounts, personal and commercial loans, credit and debit cards, insurance, investment and cash-management products, foreign-exchange services and electronic banking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.