Banco Macro S.A. (NYSE:BMA) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lessened its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,164 shares of the bank's stock after selling 2,862 shares during the quarter. Freedom Investment Management Inc.'s holdings in Banco Macro were worth $596,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TT International Asset Management LTD lifted its holdings in shares of 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 acquiring an additional 529,610 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of Banco Macro by 136.1% in the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after purchasing an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd purchased a new stake in shares of Banco Macro during the 4th quarter valued at $20,203,000. Gemsstock Ltd. acquired a new stake in shares of Banco Macro during the 4th quarter worth $15,349,000. Finally, Axiom Investors LLC DE raised its position in shares of Banco Macro by 72.8% in the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock worth $29,317,000 after buying an additional 127,678 shares during the period.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their price target on Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday, April 21st.

Banco Macro Trading Up 0.5 %

Shares of Banco Macro stock traded up $0.43 during trading hours on Friday, hitting $93.28. The company's stock had a trading volume of 228,089 shares, compared to its average volume of 339,168. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.96 billion, a PE ratio of 8.18 and a beta of 1.53. The business has a fifty day moving average of $82.54 and a 200 day moving average of $87.88. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42.

Banco Macro Company 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.