Dorsey Wright & Associates Has $3.81 Million Position in Banco Macro S.A. (NYSE:BMA)

Dorsey Wright & Associates reduced its position in shares of Banco Macro S.A. (NYSE:BMA) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,421 shares of the bank’s stock after selling 726 shares during the quarter. Banco Macro accounts for 1.0% of Dorsey Wright & Associates’ investment portfolio, making the stock its 28th biggest holding. Dorsey Wright & Associates’ holdings in Banco Macro were worth $3,808,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its stake in Banco Macro by 32.9% during the 2nd quarter. Mackenzie Financial Corp now owns 10,988 shares of the bank’s stock valued at $630,000 after purchasing an additional 2,718 shares during the period. Duquesne Family Office LLC grew its holdings in shares of Banco Macro by 30.9% during the 2nd quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank’s stock valued at $15,659,000 after acquiring an additional 64,400 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Banco Macro by 72.3% during the 2nd quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock valued at $9,491,000 after acquiring an additional 69,494 shares in the last quarter. Seven Eight Capital LP purchased a new position in shares of Banco Macro during the 2nd quarter valued at $1,344,000. Finally, Beverly Hills Private Wealth LLC grew its holdings in shares of Banco Macro by 6.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank’s stock valued at $316,000 after acquiring an additional 323 shares in the last quarter.

Banco Macro Trading Up 1.5 %

Shares of NYSE:BMA opened at $66.44 on Friday. The stock has a market capitalization of $4.25 billion, a PE ratio of 3.92 and a beta of 1.80. Banco Macro S.A. has a 1 year low of $17.30 and a 1 year high of $76.08. The firm has a fifty day moving average price of $58.30 and a 200 day moving average price of $56.30. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 0.14.

Banco Macro (NYSE:BMA) last issued its quarterly earnings data on Thursday, August 22nd. The bank reported ($4.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($5.50). The business had revenue of $1.03 billion during the quarter. Banco Macro had a return on equity of 25.97% and a net margin of 12.58%. During the same period in the previous year, the company earned $2.69 EPS. Analysts expect that Banco Macro S.A. will post 9.7 EPS for the current fiscal year.

Banco Macro Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were issued a $1.798 dividend. The ex-dividend date was Friday, August 16th. This is a boost from Banco Macro’s previous monthly dividend of $1.74. This represents a $21.58 dividend on an annualized basis and a yield of 32.47%. Banco Macro’s dividend payout ratio is currently 127.41%.

Analyst Ratings Changes

Several equities analysts have recently commented on BMA shares. Bank of America upgraded shares of Banco Macro from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $62.00 in a report on Thursday, August 8th. JPMorgan Chase & Co. upgraded shares of Banco Macro from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $78.00 in a report on Friday, August 30th. Finally, StockNews.com cut shares of Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday.

About Banco Macro

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.