Pictet Asset Management Holding SA Sells 70,697 Shares of Macro Bank Inc. $BMA

Key Points

• Pictet Asset Management cut its stake in Macro Bank (NYSE:BMA) by 57.4% in Q4, selling 70,697 shares and retaining 52,408 shares valued at about $4.725 million (≈0.08% ownership).
• Macro Bank raised its monthly dividend to $0.4074 per share (paid Apr 27), implying an annualized yield of 7.1%, though the dividend payout ratio is high at 148.33%.
• Analyst sentiment is mixed but favorable overall: the stock has a consensus rating of "Moderate Buy" with an average price target of $102.60 (five Buys, two Holds, one Sell), while Goldman Sachs trimmed its target to $98.00.

Pictet Asset Management Holding SA lowered its position in Macro Bank Inc. (NYSE:BMA - Free Report) by 57.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,408 shares of the bank's stock after selling 70,697 shares during the period. Pictet Asset Management Holding SA owned about 0.08% of Macro Bank worth $4,725,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new stake in shares of Macro Bank in the third quarter worth $254,000. Monaco Asset Management SAM grew its holdings in Macro Bank by 536.2% during the third quarter. Monaco Asset Management SAM now owns 82,700 shares of the bank's stock valued at $3,497,000 after purchasing an additional 69,700 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Macro Bank during the third quarter valued at about $992,000. Ramirez Asset Management Inc. grew its holdings in Macro Bank by 69.6% during the third quarter. Ramirez Asset Management Inc. now owns 56,718 shares of the bank's stock valued at $2,399,000 after purchasing an additional 23,285 shares during the period. Finally, X Square Capital LLC grew its holdings in Macro Bank by 1,215.0% during the third quarter. X Square Capital LLC now owns 71,536 shares of the bank's stock valued at $3,025,000 after purchasing an additional 66,096 shares during the period.

Macro Bank Price Performance

NYSE:BMA opened at $68.76 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $4.39 billion, a P/E ratio of 20.90, a P/E/G ratio of 0.54 and a beta of 1.36. Macro Bank Inc. has a 12 month low of $38.30 and a 12 month high of $106.15. The business's 50-day moving average is $76.06 and its 200 day moving average is $82.56.

Macro Bank (NYSE:BMA - Get Free Report) last posted its earnings results on Saturday, February 14th. The bank reported $0.11 EPS for the quarter. The company had revenue of $312.24 million for the quarter. Macro Bank had a return on equity of 6.85% and a net margin of 4.99%. On average, equities research analysts forecast that Macro Bank Inc. will post 4.71 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 given a dividend of $0.4074 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. This is a boost from Macro Bank's previous monthly dividend of $0.40. The ex-dividend date was Monday, April 20th. Macro Bank's dividend payout ratio (DPR) is currently 148.33%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BMA shares. Zacks Research raised Macro Bank from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th. 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 price target on Macro Bank from $111.00 to $98.00 and set a "buy" rating for the company in a report on Monday, March 2nd. Finally, Wall Street Zen raised Macro Bank from a "sell" rating to a "hold" rating in a research note on Sunday, March 1st. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Macro Bank has a consensus rating of "Moderate Buy" and an average price target of $102.60.

Macro Bank Company 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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