Banco BTG Pactual S.A. Bought 8,323 Shares of Banco Macro SA (BMA)

Banco BTG Pactual S.A. Bought 8,323 Shares of Banco Macro SA (BMA)

Banco BTG Pactual S.A. raised its stake in shares of Banco Macro SA (NYSE:BMA) by 118.9% during the first quarter, Holdings Channel reports. The institutional investor owned 15,323 shares of the bank’s stock after buying an additional 8,323 shares during the period. Banco BTG Pactual S.A.’s holdings in Banco Macro SA were worth $1,329,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dumac Inc. acquired a new stake in Banco Macro SA during the fourth quarter valued at approximately $120,000. Rothschild Investment Corp IL acquired a new stake in Banco Macro SA during the first quarter valued at approximately $206,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Banco Macro SA during the first quarter valued at approximately $269,000. Bank of New York Mellon Corp acquired a new stake in Banco Macro SA during the first quarter valued at approximately $269,000. Finally, Pacad Investment Ltd. raised its stake in Banco Macro SA by 425.0% in the fourth quarter. Pacad Investment Ltd. now owns 4,200 shares of the bank’s stock valued at $270,000 after buying an additional 3,400 shares in the last quarter. 19.65% of the stock is owned by institutional investors and hedge funds.

Banco Macro SA (NYSE BMA) traded up 2.74% during mid-day trading on Friday, reaching $91.59. 274,451 shares of the company traded hands. Banco Macro SA has a one year low of $61.12 and a one year high of $92.09. The stock’s 50-day moving average price is $87.26 and its 200-day moving average price is $79.03. The firm has a market cap of $5.35 billion, a PE ratio of 12.43 and a beta of 1.45.

The firm also recently announced a special dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Monday, June 12th will be paid a $0.7453 dividend. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, June 8th. Banco Macro SA’s dividend payout ratio (DPR) is presently 10.83%.

Several research firms recently commented on BMA. Zacks Investment Research lowered shares of Banco Macro SA from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. JPMorgan Chase & Co. lowered shares of Banco Macro SA from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 16th.

About Banco Macro SA

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BMA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding BMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Macro SA (NYSE:BMA).

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