Russell Investments Group Ltd. raised its position in Banco Macro S.A. (NYSE:BMA - Free Report) by 103.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,785 shares of the bank's stock after acquiring an additional 39,626 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Banco Macro worth $7,526,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. TT International Asset Management LTD lifted its stake in Banco Macro by 86.6% in the 4th 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 during the last quarter. William Blair Investment Management LLC raised its stake in Banco Macro by 136.1% in the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after buying an additional 328,800 shares during the period. Cape Ann Asset Management Ltd acquired a new stake in shares of Banco Macro in the fourth quarter valued at approximately $20,203,000. Axiom Investors LLC DE boosted its stake in shares of Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock worth $29,317,000 after acquiring an additional 127,678 shares during the period. Finally, Sagil Capital LLP acquired a new position in shares of Banco Macro during the 4th quarter worth approximately $7,337,000.
Analyst Ratings Changes
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target for the company in a report on Monday, December 16th.
Get Our Latest Analysis on Banco Macro
Banco Macro Stock Performance
BMA stock traded down $2.30 during mid-day trading on Tuesday, hitting $88.70. 426,203 shares of the company were exchanged, compared to its average volume of 341,347. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The stock has a market capitalization of $5.67 billion, a PE ratio of 7.77 and a beta of 1.53. The business has a 50 day simple moving average of $82.59 and a 200-day simple moving average of $86.61. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.
Banco Macro Company Profile
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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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