William Blair Investment Management LLC Raises Stock Holdings in Banco Macro S.A. (NYSE:BMA)

William Blair Investment Management LLC boosted its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 136.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 570,374 shares of the bank's stock after purchasing an additional 328,800 shares during the period. William Blair Investment Management LLC owned about 0.89% of Banco Macro worth $55,188,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Banco Macro during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 452 shares during the period. Blue Trust Inc. lifted its holdings in Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after buying an additional 1,225 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Banco Macro in the fourth quarter worth $199,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in Banco Macro in the fourth quarter worth $207,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target for the company in a research note on Monday, December 16th.

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Banco Macro Stock Up 3.0 %

BMA stock traded up $2.43 on Friday, reaching $82.32. 275,695 shares of the company traded hands, compared to its average volume of 347,855. The firm has a fifty day simple moving average of $93.48 and a 200-day simple moving average of $85.16. The company has a market cap of $5.26 billion, a P/E ratio of 7.21 and a beta of 1.73. Banco Macro S.A. has a one year low of $42.22 and a one year 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.

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.