Banco Macro S.A. (NYSE:BMA) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership decreased its position in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,066 shares of the bank's stock after selling 36,705 shares during the period. Arrowstreet Capital Limited Partnership owned 0.49% of Banco Macro worth $30,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position 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 acquiring an additional 39,947 shares during the last quarter. Verition Fund Management LLC purchased a new stake in shares of Banco Macro in the third quarter valued at about $800,000. Point72 Asset Management L.P. acquired a new stake in shares of Banco Macro during the third quarter worth about $826,000. Quadrature Capital Ltd purchased a new position in shares of Banco Macro during the third quarter worth about $971,000. Finally, Jane Street Group LLC acquired a new position in Banco Macro in the 3rd quarter valued at about $421,000.

Banco Macro Stock Performance

NYSE:BMA traded down $2.94 during mid-day trading on Monday, reaching $64.80. The stock had a trading volume of 551,811 shares, compared to its average volume of 335,078. Banco Macro S.A. has a twelve month low of $42.23 and a twelve month high of $118.42. The business has a 50 day simple moving average of $86.07 and a 200 day simple moving average of $86.45. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 5.68 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a research note 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.