Banco Macro S.A. ADR (represen (NYSE:BMA).
Genesis Asset Managers, Llp increased its investment in Banco Macro S.A. ADR (represen by 136,358 shares in a 13F filing with the SEC. Its position was worth $106,525,000 an increase of 20.6% as of the end of the quarter.
The following firms have also recently changed their position in BMA. Fny Partners Fund Lp cut its position by shedding 800 shares a decrease of 80.0% as of 03/31/2017. Fny Partners Fund Lp currently owns 200 shares valued at $17,000. The value of the position overall is down by 73.4%. Morgan Stanley augmented its stake by buying 153 shares an increase of 7.4%. Morgan Stanley now controls 2,212 shares worth $192,000. The total value of its holdings increased 45.5%.
Goldman Sachs Group Inc trimmed its investment by selling 164 shares a decrease of 4.3% from 12/31/2016 to 03/31/2017. Goldman Sachs Group Inc now holds 3,692 shares with a value of $320,000. The value of the position overall is up by 29.0%.
On September 26 the company was upgraded from “” to “Buy” with a current price target of $86.50 by Goldman Sachs. On June 1, 2016 UBS starting coverage on BMA giving it an initial rating of “Neutral” and projecting a price target of $77.00.
Equity analyst Credit Suisse released its first research report on the stock with a rating of “Neutral” and a price target of $71.00. On February 9 JP Morgan kept the company rating at “Neutral” but raised the price target from $45.00 to $69.00.
On July 18 the company was set at “Hold” in a report from Standpoint Research down from the previous “Buy” rating. June 11 investment analysts at JP Morgan left the stock rating at “Neutral” and moved up the price target to $38.00 from $28.00.
The company is trading up since yesterday’s close of $88.88. The company announced a dividend paid on Friday the 23rd of June 2017. The dividend payment was $0.378 per share for the quarter which is $1.51 annualized. The dividend yield was $1.67. The ex-dividend date was set for Wednesday the 14th of June 2017.
Shares of the company are trading at $89.27 which is just over $89.02, the 50 day moving average and barely above the 200 day moving average of $81.65. The 50 day moving average was up $0.06 whereas the 200 day average was up by +9.10%.
Banco Macro S.A. ADR (represen currently has a P/E ratio of 124.59 and the market cap of the company is 52.07B. In the last earnings report the EPS was $0.71 and is expected to be $8.49 for the current year with 584,563,000 shares outstanding. Next quarter’s EPS is forecasted at $2.21 with next year’s EPS projected to be $9.47.