Erste Asset Management GmbH Buys Shares of 10,000 Banco Macro S.A. (NYSE:BMA)

Erste Asset Management GmbH bought a new position in shares of Banco Macro S.A. (NYSE:BMA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the bank's stock, valued at approximately $1,002,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BMA. TT International Asset Management LTD raised its holdings in shares of Banco Macro by 86.6% during the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after purchasing an additional 529,610 shares during the period. Cape Ann Asset Management Ltd acquired a new stake in shares of Banco Macro during the fourth quarter worth $20,203,000. BNP Paribas Financial Markets raised its holdings in shares of Banco Macro by 351.0% during the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock worth $3,259,000 after purchasing an additional 39,947 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Banco Macro during the third quarter worth $971,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Banco Macro during the third quarter worth $826,000.

Banco Macro Stock Performance

Shares of BMA stock traded up $4.92 during trading hours on Wednesday, reaching $82.87. The stock had a trading volume of 208,942 shares, compared to its average volume of 350,589. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. Banco Macro S.A. has a twelve month low of $42.22 and a twelve month high of $118.42. The firm has a 50-day simple moving average of $94.76 and a 200-day simple moving average of $85.22. The firm has a market capitalization of $5.30 billion, a PE ratio of 7.26 and a beta of 1.73.

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Analysts Set New Price Targets

Separately, Morgan Stanley raised shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a report on Monday, December 16th.

Banco Macro Company Profile

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, and money transfers.