Fmr LLC Raises Position in Macro Bank Inc. (NYSE:BMA)

FMR LLC boosted its stake in shares of Macro Bank Inc. (NYSE:BMA) by 130.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,782 shares of the bank’s stock after buying an additional 24,800 shares during the period. FMR LLC owned about 0.07% of Macro Bank worth $3,796,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in Macro Bank during the first quarter valued at about $10,619,000. Comgest Global Investors S.A.S. boosted its position in Macro Bank by 861.3% in the first quarter. Comgest Global Investors S.A.S. now owns 114,400 shares of the bank’s stock valued at $9,918,000 after buying an additional 102,500 shares during the last quarter. William Blair Investment Management LLC boosted its position in Macro Bank by 31.3% in the first quarter. William Blair Investment Management LLC now owns 406,520 shares of the bank’s stock valued at $35,245,000 after buying an additional 96,884 shares during the last quarter. Renaissance Technologies LLC boosted its position in Macro Bank by 278.7% in the fourth quarter. Renaissance Technologies LLC now owns 82,500 shares of the bank’s stock valued at $5,309,000 after buying an additional 60,715 shares during the last quarter. Finally, Opera Trading Capital bought a new position in Macro Bank during the first quarter valued at approximately $4,807,000. Hedge funds and other institutional investors own 24.18% of the company’s stock.

Shares of Macro Bank Inc. (NYSE:BMA) opened at 97.51 on Friday. The company has a 50 day moving average price of $89.52 and a 200-day moving average price of $86.46. Macro Bank Inc. has a 12 month low of $61.12 and a 12 month high of $97.99. The firm has a market capitalization of $5.79 billion, a PE ratio of 14.32 and a beta of 1.39.

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Several research analysts recently commented on BMA shares. Zacks Investment Research raised Macro Bank from a “hold” rating to a “strong-buy” rating and set a $101.00 target price for the company in a research note on Thursday, May 11th. Credit Suisse Group raised Macro Bank from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 13th. Finally, ValuEngine raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $92.75.

About Macro Bank

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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