JGP Global Gestao de Recursos Ltda. bought a new stake in Banco Macro S.A. (NYSE:BMA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,617 shares of the bank's stock, valued at approximately $834,000. Banco Macro makes up approximately 1.9% of JGP Global Gestao de Recursos Ltda.'s holdings, making the stock its 8th biggest position.
A number of other large investors have also recently bought and sold shares of BMA. Blue Trust Inc. boosted its stake in shares of 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 purchasing an additional 1,225 shares during the last quarter. Crocodile Capital Partners GmbH acquired a new stake in Banco Macro during the fourth quarter worth approximately $726,000. Shilanski & Associates Inc. purchased a new stake in Banco Macro in the 4th quarter worth approximately $451,000. Legal Advantage Investments Inc. grew its stake in Banco Macro by 4.0% in the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank's stock worth $755,000 after acquiring an additional 300 shares during the period. Finally, Systrade AG acquired a new position in Banco Macro in the 4th quarter valued at $968,000.
Analyst Ratings Changes
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective for the company in a research report on Monday, December 16th.
View Our Latest Stock Report on Banco Macro
Banco Macro Trading Up 7.2 %
BMA stock traded up $6.69 on Thursday, hitting $99.35. 321,541 shares of the company were exchanged, compared to its average volume of 372,864. 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 capitalization of $6.35 billion, a price-to-earnings ratio of 8.71 and a beta of 1.67. Banco Macro S.A. has a twelve month low of $28.68 and a twelve month high of $118.42. The business's fifty day moving average is $99.78 and its two-hundred day moving average is $78.11.
Banco Macro (NYSE:BMA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. As a group, research analysts forecast that Banco Macro S.A. will post 7.87 earnings per share for the current year.
Banco Macro Company 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.
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