Quadrature Capital Ltd Has $589,000 Stock Position in Banco Macro S.A. (NYSE:BMA)

Quadrature Capital Ltd trimmed its position in Banco Macro S.A. (NYSE:BMA) by 68.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,529 shares of the bank’s stock after selling 43,973 shares during the quarter. Quadrature Capital Ltd’s holdings in Banco Macro were worth $589,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Purus Wealth Management LLC acquired a new position in shares of Banco Macro during the 4th quarter worth about $230,000. Penserra Capital Management LLC acquired a new position in shares of Banco Macro during the 3rd quarter worth about $364,000. Capital Wealth Planning LLC grew its position in shares of Banco Macro by 42.2% during the 4th quarter. Capital Wealth Planning LLC now owns 26,292 shares of the bank’s stock worth $755,000 after buying an additional 7,806 shares during the period. HAP Trading LLC grew its position in shares of Banco Macro by 148.7% during the 4th quarter. HAP Trading LLC now owns 36,736 shares of the bank’s stock worth $1,054,000 after buying an additional 21,964 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Banco Macro during the 4th quarter worth about $1,462,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Banco Macro from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 15th.

Banco Macro Stock Performance

NYSE:BMA opened at $57.51 on Friday. Banco Macro S.A. has a fifty-two week low of $17.30 and a fifty-two week high of $68.24. The company has a current ratio of 0.77, a quick ratio of 1.05 and a debt-to-equity ratio of 0.13. The business’s 50-day simple moving average is $58.81 and its 200-day simple moving average is $43.67.

Banco Macro (NYSE:BMA) last released its quarterly earnings data on Thursday, May 23rd. The bank reported $5.02 earnings per share for the quarter, beating the consensus estimate of $2.19 by $2.83. Banco Macro had a return on equity of 37.91% and a net margin of 16.33%. The business had revenue of $1.87 billion for the quarter. Research analysts anticipate that Banco Macro S.A. will post 11.83 earnings per share for the current fiscal year.

Banco Macro Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 17th will be issued a dividend of $1.742 per share. This represents a $20.90 annualized dividend and a dividend yield of 36.35%. The ex-dividend date of this dividend is Monday, June 17th. This is a boost from Banco Macro’s previous monthly dividend of $0.43. Banco Macro’s payout ratio is 123.45%.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers.