LPL Financial LLC Lowers Position in Banco Macro S.A. (NYSE:BMA)

LPL Financial LLC trimmed its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 65.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,357 shares of the bank's stock after selling 19,544 shares during the period. LPL Financial LLC's holdings in Banco Macro were worth $1,002,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Legal Advantage Investments Inc. boosted its holdings in shares of Banco Macro by 4.0% during the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank's stock valued at $755,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC boosted its stake in Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after buying an additional 452 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Banco Macro during the fourth quarter valued at approximately $63,000. Blue Trust Inc. increased its stake in Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of Banco Macro during the 4th quarter worth approximately $199,000.

Banco Macro Stock Up 0.8 %

NYSE BMA opened at $90.90 on Monday. The stock has a 50 day moving average price of $82.46 and a 200-day moving average price of $87.29. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The company has a market capitalization of $5.81 billion, a P/E ratio of 7.97 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.

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.

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