Sumitomo Mitsui Trust Holdings Inc. Decreases Holdings in Banco Macro S.A. (BMA)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in Banco Macro S.A. (NYSE:BMA) by 39.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,003 shares of the bank’s stock after selling 3,212 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Banco Macro were worth $540,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Icon Wealth Partners LLC acquired a new position in shares of Banco Macro during the fourth quarter worth approximately $104,000. Earnest Partners LLC acquired a new position in shares of Banco Macro during the fourth quarter worth approximately $128,000. Castleark Management LLC acquired a new position in shares of Banco Macro during the fourth quarter worth approximately $151,000. Lake Street Advisors Group LLC acquired a new position in shares of Banco Macro during the fourth quarter worth approximately $207,000. Finally, Advisor Group Inc. boosted its position in shares of Banco Macro by 22.8% during the fourth quarter. Advisor Group Inc. now owns 2,748 shares of the bank’s stock worth $319,000 after buying an additional 511 shares during the period. Institutional investors own 30.96% of the company’s stock.

Several equities analysts have recently issued reports on BMA shares. ValuEngine upgraded Banco Macro from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Banco Macro from a “buy” rating to a “strong sell” rating in a research report on Monday, February 12th. HSBC upgraded Banco Macro from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Citigroup upgraded Banco Macro from a “neutral” rating to a “buy” rating in a research report on Monday, March 12th. Finally, UBS upgraded Banco Macro from a “hold” rating to a “buy” rating in a research report on Monday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. Banco Macro currently has a consensus rating of “Buy” and a consensus target price of $112.90.

BMA opened at $80.51 on Friday. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.55 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.24 and a quick ratio of 1.26. Banco Macro S.A. has a 1-year low of $69.95 and a 1-year high of $136.10.

Banco Macro (NYSE:BMA) last released its earnings results on Monday, February 19th. The bank reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.09. The firm had revenue of $401.72 million during the quarter. Banco Macro had a return on equity of 25.77% and a net margin of 21.88%. analysts predict that Banco Macro S.A. will post 10.65 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Monday, May 14th will be given a $2.2345 dividend. This represents a yield of 0.91%. This is an increase from Banco Macro’s previous special dividend of $0.75. The ex-dividend date of this dividend is Friday, May 11th. Banco Macro’s dividend payout ratio is 25.78%.

About Banco Macro

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail 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 (ATMs), and money transfers.

Institutional Ownership by Quarter for Banco Macro (NYSE:BMA)

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