Dorsey Wright & Associates lowered its stake in Banco Macro S.A. (NYSE:BMA - Free Report) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,458 shares of the bank's stock after selling 16,642 shares during the period. Banco Macro accounts for 1.3% of Dorsey Wright & Associates' holdings, making the stock its 19th largest holding. Dorsey Wright & Associates owned approximately 0.09% of Banco Macro worth $5,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. TT International Asset Management LTD increased its stake in shares of Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock valued at $110,411,000 after buying an additional 529,610 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after purchasing an additional 328,800 shares during the period. Cape Ann Asset Management Ltd bought a new stake in shares of Banco Macro in the fourth quarter worth $20,203,000. Sagil Capital LLP bought a new stake in shares of Banco Macro in the fourth quarter worth $7,337,000. Finally, BNP Paribas Financial Markets lifted its holdings in 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 during the period.
Analysts Set New Price Targets
Separately, Morgan Stanley raised 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.
Check Out Our Latest Stock Analysis on Banco Macro
Banco Macro Trading Down 3.0 %
NYSE BMA traded down $2.31 during mid-day trading on Thursday, reaching $74.44. 296,151 shares of the stock were exchanged, compared to its average volume of 333,287. 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 stock has a market cap of $4.76 billion, a P/E ratio of 6.52 and a beta of 1.73. The stock has a 50 day simple moving average of $88.07 and a 200-day simple moving average of $86.37. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42.
Banco Macro 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.
Further Reading
Before you consider Banco Macro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Macro wasn't on the list.
While Banco Macro currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
