Activest Wealth Management Acquires Shares of 10,134 Banco Macro S.A. (NYSE:BMA)

Activest Wealth Management bought a new stake in Banco Macro S.A. (NYSE:BMA - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,134 shares of the bank's stock, valued at approximately $981,000.

Other large investors also recently added to or reduced their stakes in the company. TT International Asset Management LTD lifted its holdings in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after buying an additional 529,610 shares in the last quarter. Dorsey Wright & Associates raised its stake in shares of Banco Macro by 13.1% in the third quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank's stock valued at $4,769,000 after acquiring an additional 8,679 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Banco Macro by 351.0% in the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock valued at $3,259,000 after purchasing an additional 39,947 shares during the period. Diversify Wealth Management LLC grew its stake in Banco Macro by 13.6% during the 4th quarter. Diversify Wealth Management LLC now owns 18,922 shares of the bank's stock worth $1,831,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Banco Macro by 300.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 15,333 shares of the bank's stock worth $974,000 after purchasing an additional 11,507 shares during the period.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective for the company in a research report on Monday, December 16th.

Banco Macro Stock Up 1.5 %

Shares of BMA stock traded up $1.40 on Thursday, reaching $92.16. 270,463 shares of the stock were exchanged, compared to its average volume of 364,640. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 8.08 and a beta of 1.67. The business's 50 day moving average price is $100.70 and its 200 day moving average price is $79.54. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a twelve month low of $30.67 and a twelve month high of $118.42.

Banco Macro (NYSE:BMA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. As a group, sell-side analysts expect that Banco Macro S.A. will post 7.87 earnings per share for the current fiscal year.

Banco Macro 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.