TT International Asset Management LTD Has $72.74 Million Holdings in Macro Bank Inc. (NYSE:BMA)

TT International Asset Management LTD lessened its position in shares of Macro Bank Inc. (NYSE:BMA - Free Report) by 15.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 963,288 shares of the bank's stock after selling 177,798 shares during the period. Macro Bank makes up about 10.6% of TT International Asset Management LTD's holdings, making the stock its 2nd biggest position. TT International Asset Management LTD owned 1.51% of Macro Bank worth $72,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of Macro Bank by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock worth $58,000 after buying an additional 567 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Macro Bank in the 4th quarter worth $63,000. GAMMA Investing LLC increased its holdings in shares of Macro Bank by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 1,029 shares of the bank's stock worth $78,000 after buying an additional 245 shares during the last quarter. Wallace Advisory Group LLC bought a new position in shares of Macro Bank in the 1st quarter worth $157,000. Finally, Mariner LLC purchased a new stake in shares of Macro Bank in the 4th quarter valued at $221,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BMA shares. Itau BBA Securities started coverage on Macro Bank in a report on Tuesday, May 20th. They issued a "market perform" rating and a $85.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on 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 given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.13.

Macro Bank Trading Up 5.9%

NYSE:BMA traded up $4.11 during mid-day trading on Tuesday, reaching $73.17. 432,446 shares of the company's stock traded hands, compared to its average volume of 317,162. Macro Bank Inc. has a 12-month low of $42.23 and a 12-month high of $118.42. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 6.05, a PEG ratio of 0.27 and a beta of 1.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.05 and a quick ratio of 1.05. The company has a 50 day moving average price of $85.64 and a 200-day moving average price of $89.62.

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