Capital Wealth Planning LLC Invests $10.38 Million in Macro Bank Inc. $BMA

Capital Wealth Planning LLC bought a new position in shares of Macro Bank Inc. (NYSE:BMA) during the fourth quarter, Holdings Channel.com reports. The fund bought 116,905 shares of the bank’s stock, valued at approximately $10,378,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of Macro Bank by 43.8% during the fourth quarter. SBI Securities Co. Ltd. now owns 703 shares of the bank’s stock worth $63,000 after purchasing an additional 214 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Macro Bank during the third quarter worth about $46,000. Van ECK Associates Corp acquired a new stake in shares of Macro Bank during the third quarter worth about $72,000. Cibc World Market Inc. acquired a new position in Macro Bank in the 4th quarter valued at about $251,000. Finally, Advisors Preferred LLC acquired a new position in Macro Bank in the 3rd quarter valued at about $117,000.

Analyst Ratings Changes

Several brokerages recently issued reports on BMA. The Goldman Sachs Group dropped their price target on Macro Bank from $111.00 to $98.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Zacks Research upgraded Macro Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. HSBC upgraded Macro Bank from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Macro Bank in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.25.

Macro Bank Stock Performance

Shares of BMA stock opened at $87.63 on Thursday. The stock has a market capitalization of $5.60 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 0.56 and a beta of 1.42. Macro Bank Inc. has a 52-week low of $38.30 and a 52-week high of $106.15. The stock’s 50-day moving average price is $78.83 and its 200 day moving average price is $83.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.29.

Macro Bank (NYSE:BMA) last announced its quarterly earnings data on Thursday, May 28th. The bank reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.31. Macro Bank had a return on equity of 8.47% and a net margin of 5.81%.The company had revenue of $412.19 million for the quarter, compared to analyst estimates of $837.76 million. As a group, equities research analysts forecast that Macro Bank Inc. will post 5.2 EPS for the current year.

Macro Bank Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 2nd were issued a $0.5296 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Tuesday, June 2nd. Macro Bank’s payout ratio is currently 134.04%.

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.