Banco BTG Pactual S.A. purchased a new position in shares of 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 (SEC). The institutional investor purchased 4,400 shares of the bank's stock, valued at approximately $426,000.
Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Banco Macro during the fourth quarter valued at about $63,000. GAMMA Investing LLC grew its position in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after acquiring an additional 452 shares during the period. Blue Trust Inc. grew its position in shares of Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock valued at $188,000 after acquiring an additional 1,225 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in shares of Banco Macro during the 4th quarter worth approximately $199,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in shares of Banco Macro in the 4th quarter worth approximately $207,000.
Banco Macro Stock Performance
Shares of BMA traded down $1.68 during trading hours on Friday, hitting $78.50. The company's stock had a trading volume of 200,183 shares, compared to its average volume of 333,531. The business has a 50 day simple moving average of $89.96 and a two-hundred day simple moving average of $86.15. Banco Macro S.A. has a 52-week low of $42.23 and a 52-week high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 6.88 and a beta of 1.73.
Analysts Set New Price Targets
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price for the company in a research report on Monday, December 16th.
Check Out Our Latest Analysis on BMA
Banco Macro Company Profile
(
Free Report)
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.
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