Systrade AG Acquires Shares of 10,000 Banco Macro S.A. (NYSE:BMA)

Systrade AG bought a new position in Banco Macro S.A. (NYSE:BMA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the bank's stock, valued at approximately $968,000. Banco Macro comprises about 1.6% of Systrade AG's investment portfolio, making the stock its 10th biggest position.

A number of other hedge funds also recently bought and sold shares of the business. Blue Trust Inc. grew its position 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 lifted its stake in Banco Macro by 136.1% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock worth $76,000 after acquiring an additional 452 shares during the period. NorthRock Partners LLC bought a new stake in Banco Macro in the third quarter valued at $381,000. Sigma Planning Corp increased its position in Banco Macro by 6.7% during the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank's stock valued at $398,000 after purchasing an additional 395 shares during the period. Finally, Jane Street Group LLC bought a new position in Banco Macro in the 3rd quarter worth $421,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BMA. StockNews.com lowered shares of Banco Macro from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th. Morgan Stanley upgraded shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective for the company in a report on Monday, December 16th.

Banco Macro Stock Down 6.3 %

Banco Macro stock traded down $7.01 on Monday, hitting $104.62. 564,228 shares of the stock traded hands, compared to its average volume of 294,010. The business's fifty day simple moving average is $95.03 and its 200 day simple moving average is $74.33. The firm has a market cap of $6.69 billion, a P/E ratio of 9.17 and a beta of 1.68. 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 S.A. has a 1 year low of $26.74 and a 1 year high of $118.42.

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.