NN Investment Partners Holdings N.V. Maintains Position in Macro Bank Inc. (BMA)

NN Investment Partners Holdings N.V. maintained its stake in Macro Bank Inc. (NYSE:BMA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,468 shares of the bank’s stock at the end of the second quarter. NN Investment Partners Holdings N.V.’s holdings in Macro Bank were worth $135,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BMA. Genesis Asset Managers LLP increased its stake in shares of Macro Bank by 13.4% in the second quarter. Genesis Asset Managers LLP now owns 1,155,491 shares of the bank’s stock valued at $106,525,000 after buying an additional 136,358 shares during the period. Goldman Sachs Group Inc. raised its position in Macro Bank by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 290,159 shares of the bank’s stock valued at $25,157,000 after buying an additional 71,558 shares in the last quarter. Driehaus Capital Management LLC raised its position in Macro Bank by 22.6% in the first quarter. Driehaus Capital Management LLC now owns 29,012 shares of the bank’s stock valued at $2,515,000 after buying an additional 5,339 shares in the last quarter. Barings LLC bought a new position in Macro Bank during the first quarter valued at $4,349,000. Finally, Bank of America Corp DE raised its position in Macro Bank by 12.9% in the first quarter. Bank of America Corp DE now owns 97,234 shares of the bank’s stock valued at $8,430,000 after buying an additional 11,127 shares in the last quarter. Institutional investors and hedge funds own 24.18% of the company’s stock.

Shares of Macro Bank Inc. (NYSE BMA) opened at 97.51 on Friday. The firm has a market cap of $6.42 billion, a PE ratio of 16.01 and a beta of 1.39. Macro Bank Inc. has a 12 month low of $61.12 and a 12 month high of $97.99. The stock’s 50 day moving average is $89.52 and its 200 day moving average is $86.46.

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Several research analysts have recently commented on BMA shares. Zacks Investment Research raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Friday, June 16th. Credit Suisse Group raised shares of Macro Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 13th. Finally, ValuEngine raised shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $92.75.

Macro Bank Company 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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