Nkcfo LLC acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,000 shares of the bank's stock, valued at approximately $677,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BMA. TT International Asset Management LTD grew its position in Banco Macro by 86.6% during 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 purchasing an additional 529,610 shares in the last quarter. BNP Paribas Financial Markets grew its position in Banco Macro by 351.0% in the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock worth $3,259,000 after acquiring an additional 39,947 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Banco Macro in the third quarter worth approximately $971,000. Point72 Asset Management L.P. bought a new stake in Banco Macro in the third quarter worth approximately $826,000. Finally, Verition Fund Management LLC bought a new stake in Banco Macro in the third quarter worth approximately $800,000.
Analyst Ratings Changes
Separately, Morgan Stanley raised shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price for the company in a research report on Monday, December 16th.
Read Our Latest Report on BMA
Banco Macro Stock Performance
Shares of Banco Macro stock traded down $1.81 on Wednesday, reaching $90.84. The stock had a trading volume of 368,043 shares, compared to its average volume of 367,345. The stock has a market cap of $5.80 billion, a P/E ratio of 7.96 and a beta of 1.67. Banco Macro S.A. has a fifty-two week low of $31.20 and a fifty-two week high of $118.42. The business's 50-day moving average price is $101.22 and its two-hundred day moving average price is $80.98. 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 (NYSE:BMA - Get Free Report) last released its earnings results on Wednesday, November 27th. The bank reported $1.51 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%. On average, sell-side analysts forecast that Banco Macro S.A. will post 7.84 EPS for the current year.
About Banco Macro
(
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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