LSV Asset Management Buys 5,400 Shares of Banco Macro S.A. (NYSE:BMA)

LSV Asset Management increased its holdings in Banco Macro S.A. (NYSE:BMA - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,600 shares of the bank's stock after purchasing an additional 5,400 shares during the period. LSV Asset Management owned approximately 0.15% of Banco Macro worth $9,444,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BMA. SBI Securities Co. Ltd. bought a new stake in shares of Banco Macro during the 4th quarter worth about $63,000. GAMMA Investing LLC raised its stake in shares of Banco Macro by 136.1% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after acquiring an additional 452 shares in the last quarter. Blue Trust Inc. lifted its holdings 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 purchasing an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC bought a new stake in Banco Macro during the fourth quarter worth approximately $199,000. Finally, Alliance Wealth Advisors LLC UT acquired a new position in Banco Macro during the fourth quarter valued at approximately $207,000.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target on the stock in a research report on Monday, December 16th.

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Banco Macro Stock Performance

Shares of NYSE:BMA traded down $2.30 during midday trading on Tuesday, hitting $88.70. The company's stock had a trading volume of 426,203 shares, compared to its average volume of 341,347. Banco Macro S.A. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 7.77 and a beta of 1.53. The stock's 50 day simple moving average is $82.59 and its 200 day simple moving average is $86.61.

About Banco Macro

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.