Fisher Asset Management LLC Has $1.14 Million Stake in Macro Bank Inc. (BMA)

Fisher Asset Management LLC lifted its stake in shares of Macro Bank Inc. (NYSE:BMA) by 13.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,679 shares of the bank’s stock after acquiring an additional 1,137 shares during the quarter. Fisher Asset Management LLC’s holdings in Macro Bank were worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its position in shares of Macro Bank by 0.7% during the first quarter. Parametric Portfolio Associates LLC now owns 37,708 shares of the bank’s stock worth $3,269,000 after acquiring an additional 266 shares during the last quarter. UBS Group AG raised its position in shares of Macro Bank by 1.5% during the first quarter. UBS Group AG now owns 26,021 shares of the bank’s stock worth $2,256,000 after acquiring an additional 388 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Macro Bank by 12.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,500 shares of the bank’s stock worth $323,000 after acquiring an additional 400 shares during the last quarter. Royal Bank of Canada raised its position in shares of Macro Bank by 66.6% during the second quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock worth $129,000 after acquiring an additional 560 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Macro Bank by 30.8% during the second quarter. Citigroup Inc. now owns 3,091 shares of the bank’s stock worth $285,000 after acquiring an additional 727 shares during the last quarter. Institutional investors own 27.99% of the company’s stock.

Shares of Macro Bank Inc. (NYSE:BMA) opened at 127.26 on Tuesday. The company has a market capitalization of $8.38 billion, a P/E ratio of 20.36 and a beta of 1.36. Macro Bank Inc. has a one year low of $61.12 and a one year high of $136.10. The firm has a 50-day moving average price of $118.53 and a 200-day moving average price of $98.07.

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

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.

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

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