Jump Financial LLC lifted its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 201.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,992 shares of the bank's stock after buying an additional 16,710 shares during the quarter. Jump Financial LLC's holdings in Banco Macro were worth $2,418,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BMA. SBI Securities Co. Ltd. purchased a new position in Banco Macro during the fourth quarter valued at $63,000. GAMMA Investing LLC boosted its holdings in Banco Macro by 136.1% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock worth $76,000 after buying an additional 452 shares during the last quarter. Blue Trust Inc. increased its stake in Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after buying an additional 1,225 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of Banco Macro during the fourth quarter valued at approximately $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Banco Macro in the fourth quarter valued at approximately $207,000.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their price objective on Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research note on Monday.
Get Our Latest Stock Report on Banco Macro
Banco Macro Price Performance
BMA traded down $2.63 during trading on Monday, reaching $88.68. The company's stock had a trading volume of 222,142 shares, compared to its average volume of 341,683. The company has a market cap of $5.67 billion, a price-to-earnings ratio of 7.77 and a beta of 1.53. The firm has a fifty day simple moving average of $82.46 and a two-hundred day simple moving average of $87.29. Banco Macro S.A. has a 1 year low of $42.23 and a 1 year high of $118.42. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.
Banco Macro Company Profile
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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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