# Banco Macro SA B (BMA.US) Canonical: https://gigainvestors.com/s/BMA Analysis as of: 2026-10-16T07:27:00.206Z. Listing currency: USD. Reporting currency: ARS. ## Verdict Not enough history yet Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no. Share price: $65.03 per share; close as of 2026-10-15. ## Checklist ### understandable: na ### moat: na ### economics: na ### management: na ### accounting: na ## Holders ## Price story Down 36% since Jan 2026 Story as of 2026-10-16T10:01:28.283Z; price observation 2026-10-15. ## Owner memo Memo as of 2026-10-16T08:06:05.509Z. ### Where the cash goes Paid dividends in 1 of 1 year. - Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-20); Dividend observations: [[2025,388359040000]]. Zero only counted when supported by a complete cash-flow statement. ### Are managers owners Insiders own 0.2% of the company. - Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); BMA.US SharesStats.PercentInsiders = 0.16 percentage points; cache date 2026-10-16. ### What the price says The price is 1.2 times net assets. - Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-04-20); Closing price 65.03 USD; reporting-to-trading FX 0.00066; FY2025 net assets per share 81828.42760469369; price multiple 1.2041084732349339. FY2025 cash earnings/share 7324.060740085047. Closing-price date 2026-10-15. ## Monthly share-price history (USD per share) - 2016-10: $76.23 per share - 2016-11: $69.19 per share - 2016-12: $64.35 per share - 2017-01: $75.14 per share - 2017-02: $77.06 per share - 2017-03: $86.70 per share - 2017-04: $85.72 per share - 2017-05: $89.47 per share - 2017-06: $92.19 per share - 2017-07: $86.81 per share - 2017-08: $103.81 per share - 2017-09: $117.35 per share - 2017-10: $125.92 per share - 2017-11: $101.54 per share - 2017-12: $115.88 per share - 2018-01: $108.54 per share - 2018-02: $113.11 per share - 2018-03: $107.97 per share - 2018-04: $96.92 per share - 2018-05: $78.61 per share - 2018-06: $58.79 per share - 2018-07: $68.31 per share - 2018-08: $43.64 per share - 2018-09: $41.37 per share - 2018-10: $44.69 per share - 2018-11: $44.39 per share - 2018-12: $44.22 per share - 2019-01: $57.87 per share - 2019-02: $50.50 per share - 2019-03: $45.76 per share - 2019-04: $40.58 per share - 2019-05: $49.88 per share - 2019-06: $72.85 per share - 2019-07: $69.28 per share - 2019-08: $23.31 per share - 2019-09: $26.02 per share - 2019-10: $22.90 per share - 2019-11: $25.85 per share - 2019-12: $36.25 per share - 2020-01: $30.67 per share - 2020-02: $28.98 per share - 2020-03: $16.98 per share - 2020-04: $16.31 per share - 2020-05: $17.16 per share - 2020-06: $18.55 per share - 2020-07: $21.28 per share - 2020-08: $18.95 per share - 2020-09: $14.30 per share - 2020-10: $11.93 per share - 2020-11: $15.97 per share - 2020-12: $15.57 per share - 2021-01: $13.32 per share - 2021-02: $13.56 per share - 2021-03: $13.35 per share - 2021-04: $13.37 per share - 2021-05: $16.39 per share - 2021-06: $15.03 per share - 2021-07: $13.50 per share - 2021-08: $18.70 per share - 2021-09: $16.99 per share - 2021-10: $15.73 per share - 2021-11: $13.27 per share - 2021-12: $14.02 per share - 2022-01: $14.43 per share - 2022-02: $14.43 per share - 2022-03: $17.30 per share - 2022-04: $14.67 per share - 2022-05: $15.92 per share - 2022-06: $11.20 per share - 2022-07: $12.96 per share - 2022-08: $14.11 per share - 2022-09: $14.27 per share - 2022-10: $14.85 per share - 2022-11: $14.53 per share - 2022-12: $16.42 per share - 2023-01: $21.97 per share - 2023-02: $20.72 per share - 2023-03: $17.81 per share - 2023-04: $17.69 per share - 2023-05: $17.56 per share - 2023-06: $26.39 per share - 2023-07: $25.16 per share - 2023-08: $26.65 per share - 2023-09: $19.73 per share - 2023-10: $18.32 per share - 2023-11: $28.42 per share - 2023-12: $28.70 per share - 2024-01: $33.12 per share - 2024-02: $39.79 per share - 2024-03: $48.18 per share - 2024-04: $54.16 per share - 2024-05: $66.29 per share - 2024-06: $57.33 per share - 2024-07: $52.82 per share - 2024-08: $58.77 per share - 2024-09: $63.50 per share - 2024-10: $78.23 per share - 2024-11: $84.90 per share - 2024-12: $96.76 per share - 2025-01: $99.45 per share - 2025-02: $83.79 per share - 2025-03: $75.51 per share - 2025-04: $88.52 per share - 2025-05: $84.51 per share - 2025-06: $70.21 per share - 2025-07: $69.90 per share - 2025-08: $57.93 per share - 2025-09: $42.29 per share - 2025-10: $90.46 per share - 2025-11: $85.78 per share - 2025-12: $90.16 per share - 2026-01: $101.90 per share - 2026-02: $77.18 per share - 2026-03: $77.37 per share - 2026-04: $72.00 per share - 2026-05: $90.78 per share - 2026-06: $92.59 per share - 2026-07: $91.90 per share - 2026-08: $78.68 per share - 2026-09: $66.93 per share - 2026-10: $64.96 per share ## Annual estimated value (USD per share) Historical values use today's bond yield for every fiscal year Historical values use today's FX rate into trading currency for every fiscal year Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates Prior published observations retained from 2026-10-15T06:32:39.187Z where newer inputs omit a numeric field or fiscal period. ## Sources [Original 20-F filing](https://www.sec.gov/Archives/edgar/data/1347426/000119312526163876/d29142d20f.htm); period 2025-12-31, filed 2026-04-20. Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights. ## Reported holder observations # BMA — Banco Macro S.A. Held by 1 investor · USD 4,254,094 total · 2025 Q2 · reported price USD 70.21 (split-adjusted). Page: https://gigainvestors.com/s/BMA ## Holders (2025 Q2) | Investor | Value | % of their portfolio | This quarter | |---|---:|---:|---| | Howard Marks (https://gigainvestors.com/oc) | USD 4,254,094 | 0.1% | reduce -76.74% | ## Total held by quarter - 2018 Q2: USD 1,310,924 · 1 holder · USD 58.77 - 2018 Q3: USD 0 · 0 holders - 2018 Q4: USD 0 · 0 holders - 2019 Q1: USD 0 · 0 holders - 2019 Q2: USD 0 · 0 holders - 2019 Q3: USD 0 · 0 holders - 2019 Q4: USD 0 · 0 holders - 2020 Q1: USD 0 · 0 holders - 2020 Q2: USD 0 · 0 holders - 2020 Q3: USD 0 · 0 holders - 2020 Q4: USD 0 · 0 holders - 2021 Q1: USD 0 · 0 holders - 2021 Q2: USD 0 · 0 holders - 2021 Q3: USD 0 · 0 holders - 2021 Q4: USD 0 · 0 holders - 2022 Q1: USD 0 · 0 holders - 2022 Q2: USD 0 · 0 holders - 2022 Q3: USD 0 · 0 holders - 2022 Q4: USD 0 · 0 holders - 2023 Q1: USD 0 · 0 holders - 2023 Q2: USD 0 · 0 holders - 2023 Q3: USD 0 · 0 holders - 2023 Q4: USD 0 · 0 holders - 2024 Q1: USD 20,924,574 · 1 holder · USD 48.18 - 2024 Q2: USD 26,618,319 · 1 holder · USD 57.33 - 2024 Q3: USD 29,483,050 · 1 holder · USD 63.50 - 2024 Q4: USD 36,635,755 · 1 holder · USD 96.76 - 2025 Q1: USD 19,667,486 · 1 holder · USD 75.51 - 2025 Q2: USD 4,254,094 · 1 holder · USD 70.21 - 2025 Q3: USD 0 · 0 holders