MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $43.23 Million Stake in Macro Bank Inc. $BMA

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Macro Bank Inc. by 6.2%, owning approximately 0.90% of the bank at a value of $43.23 million as of its latest SEC filing.
• Research firms have mixed ratings on Macro Bank, with a consensus rating of "Hold" and an average price target of $62.17, despite the bank's recent earnings report missing estimates by $0.04.
• Macro Bank recently announced a monthly dividend of $0.3658 per share, with a dividend yield of approximately 7.4%, reflecting a payout ratio of 38.48%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Macro Bank Inc. (NYSE:BMA - Free Report) by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 572,464 shares of the bank's stock after purchasing an additional 33,390 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.90% of Macro Bank worth $43,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Shilanski & Associates Inc. increased its holdings in Macro Bank by 2.4% during the 1st quarter. Shilanski & Associates Inc. now owns 4,773 shares of the bank's stock worth $360,000 after purchasing an additional 112 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in Macro Bank by 19.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 775 shares of the bank's stock valued at $59,000 after acquiring an additional 124 shares during the period. GAMMA Investing LLC raised its position in shares of Macro Bank by 31.3% in the first quarter. GAMMA Investing LLC now owns 1,029 shares of the bank's stock valued at $78,000 after purchasing an additional 245 shares during the period. Freedom Investment Management Inc. boosted its holdings in shares of Macro Bank by 6.1% during the first quarter. Freedom Investment Management Inc. now owns 6,539 shares of the bank's stock worth $494,000 after acquiring an additional 375 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Macro Bank during the 1st quarter worth $31,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BMA. Itau BBA Securities started coverage on Macro Bank in a research report on Tuesday, May 20th. They set a "market perform" rating and a $85.00 target price for the company. Zacks Research lowered Macro Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Macro Bank has a consensus rating of "Hold" and an average price target of $62.17.

Macro Bank Stock Up 1.2%

Shares of NYSE:BMA opened at $58.94 on Friday. The company has a market capitalization of $3.77 billion, a PE ratio of 5.17, a price-to-earnings-growth ratio of 0.64 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 business has a fifty day moving average price of $66.94 and a two-hundred day moving average price of $77.28. Macro Bank Inc. has a 1 year low of $54.53 and a 1 year high of $118.42.

Macro Bank (NYSE:BMA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The bank reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.04). Macro Bank had a net margin of 8.32% and a return on equity of 10.94%. The firm had revenue of $834.78 million during the quarter, compared to the consensus estimate of $752.51 million. Analysts forecast that Macro Bank Inc. will post 7.84 earnings per share for the current year.

Macro Bank Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were given a $0.3658 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Friday, August 15th. Macro Bank's dividend payout ratio is 38.48%.

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.

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