New York State Common Retirement Fund lowered its holdings in Macro Bank Inc. (NYSE:BMA) by 64.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,990 shares of the bank’s stock after selling 5,419 shares during the period. New York State Common Retirement Fund’s holdings in Macro Bank were worth $276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Macro Bank by 12.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,500 shares of the bank’s stock valued at $323,000 after purchasing an additional 400 shares during the period. Rational Advisors LLC boosted its holdings in Macro Bank by 64.3% in the 2nd quarter. Rational Advisors LLC now owns 2,300 shares of the bank’s stock valued at $212,000 after purchasing an additional 900 shares during the period. Eagle Global Advisors LLC boosted its holdings in Macro Bank by 10.0% in the 2nd quarter. Eagle Global Advisors LLC now owns 11,000 shares of the bank’s stock valued at $1,014,000 after purchasing an additional 1,000 shares during the period. Pacad Investment Ltd. boosted its holdings in Macro Bank by 68.4% in the 2nd quarter. Pacad Investment Ltd. now owns 3,200 shares of the bank’s stock valued at $295,000 after purchasing an additional 1,300 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in shares of Macro Bank by 20.1% during the 2nd quarter. TD Asset Management Inc. now owns 9,288 shares of the bank’s stock worth $856,000 after acquiring an additional 1,552 shares during the period. 28.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Macro Bank Inc. (BMA) opened at $99.01 on Tuesday. Macro Bank Inc. has a twelve month low of $61.12 and a twelve month high of $136.10. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.18. The firm has a market cap of $6,806.88, a P/E ratio of 13.22, a PEG ratio of 2.54 and a beta of 1.33.

A number of brokerages have recently weighed in on BMA. Zacks Investment Research downgraded shares of Macro Bank from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine downgraded shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Santander downgraded shares of Macro Bank from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. BidaskClub raised shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price target for the company. in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $116.35.

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Macro Bank Profile

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

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

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