Macy’s: 10 Top Institutional Shareholders Flogged After Earnings

Macy’s, Inc. (NYSE:M) earnings are in the can … in more ways than one. Although net income for the retail-regional department stores rose 38.2% to $181 million (43 cents per share) vs. $131 million (30 cents per share) in the same quarter a year earlier, margins took a hit.

194 institutional firms indicated owning shares of Macy’s, Inc. (NYSE:M) in Q1 2012. These firms reported owning a total of 75.914 million shares on 03/31/2012 . The shares closed at $39.73 on 03/31/2012, for an aggregate market value of $3.016 billion. Not anymore!

Here are the ten largest positions in Macy’s, Inc. at the end of March 31st, 2012.

State Street Corp held 15,909,646 shares on 03/31/2012 worth $632,090,228. This represented a reduction of 0.9%, bringing the portfolio total to 0.1%.

Bank of New York Mellon Corp held 8,622,258 shares on 03/31/2012 worth $342,562,306. This represented an increase of 11.82%, bringing the portfolio total to 0.13%.

Eaton Vance Management held 6,517,511 shares on 03/31/2012 worth $258,940,709. This represented an increase of 14.04%, bringing the portfolio total to 0.55%.

Robeco Investment Management Inc. held 3,218,256 shares on 03/31/2012 worth $127,861,309. This represented an increase of 10.01%, bringing the portfolio total to 0.53%.

Schwab Charles Investment Management Inc held 2,843,495 shares on 03/31/2012 worth $112,972,055. This represented an increase of 1.68%, bringing the portfolio total to 0.31%.

Prudential Plc held 2,392,107 shares on 03/31/2012 worth $95,038,410. This represented an increase of 0%, bringing the portfolio total to 0.58%.

Pnc Financial Services Group Inc. held 2,276,405 shares on 03/31/2012 worth $90,441,570. This represented an increase of 5.34%, bringing the portfolio total to 0.05%.

Piedmont Investment Advisors LLC held 2,002,664 shares on 03/31/2012 worth $79,565,840. This represented a reduction of 4.52%, bringing the portfolio total to 2.81%.

Qs Investors LLC held 1,944,500 shares on 03/31/2012 worth $77,254,984. This represented an increase of 25.4%, bringing the portfolio total to 1.18%.

Franklin Resources Inc held 1,621,153 shares on 03/31/2012 worth $64,408,408. This represented an increase of 19.84%, bringing the portfolio total to 0.04%.

About the company: Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods.