Capital Wealth Planning LLC cut its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,582 shares of the bank's stock after selling 11,745 shares during the quarter. Capital Wealth Planning LLC's holdings in Banco Macro were worth $1,992,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. TT International Asset Management LTD increased 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 purchasing an additional 529,610 shares during the period. BNP Paribas Financial Markets grew its position in shares of Banco Macro by 351.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock worth $3,259,000 after buying an additional 39,947 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Banco Macro during the third quarter valued at $971,000. Point72 Asset Management L.P. purchased a new position in shares of Banco Macro during the third quarter valued at $826,000. Finally, Verition Fund Management LLC bought a new stake in shares of Banco Macro in the third quarter valued at about $800,000.
Banco Macro Stock Up 4.6 %
Banco Macro stock traded up $3.73 during mid-day trading on Wednesday, reaching $85.58. 283,825 shares of the company were exchanged, compared to its average volume of 368,132. Banco Macro S.A. has a 12-month low of $38.28 and a 12-month high of $118.42. The business has a fifty day moving average of $98.75 and a 200 day moving average of $83.28. The firm has a market cap of $5.47 billion, a P/E ratio of 7.50 and a beta of 1.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.
Analyst Ratings Changes
Separately, Morgan Stanley upgraded shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a report on Monday, December 16th.
Read Our Latest Stock Analysis on Banco Macro
About Banco Macro
(
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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