Shilanski & Associates Inc. purchased a new position in Banco Macro S.A. (NYSE:BMA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,661 shares of the bank's stock, valued at approximately $451,000.
Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Banco Macro by 118.3% in the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank's stock worth $45,000 after buying an additional 387 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 452 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Banco Macro in the 3rd quarter worth about $381,000. Sigma Planning Corp boosted its stake in Banco Macro by 6.7% in the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank's stock worth $398,000 after purchasing an additional 395 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Banco Macro during the 3rd quarter valued at about $421,000.
Banco Macro Stock Performance
Shares of BMA stock traded down $1.33 during trading hours on Friday, reaching $103.99. The company had a trading volume of 258,516 shares, compared to its average volume of 391,879. 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 business has a fifty day moving average price of $96.21 and a 200-day moving average price of $74.96. Banco Macro S.A. has a one year low of $28.68 and a one year high of $118.42. The firm has a market cap of $6.64 billion, a PE ratio of 9.11 and a beta of 1.68.
Banco Macro (NYSE:BMA - Get Free Report) last released its earnings results 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 return on equity of 26.55% and a net margin of 15.12%. Sell-side analysts predict that Banco Macro S.A. will post 7.87 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BMA has been the subject of several recent analyst reports. StockNews.com cut shares of Banco Macro from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective on the stock in a research report on Monday, December 16th.
Read Our Latest Analysis on BMA
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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