Yorktown Management & Research Co Inc bought a new position in Banco Macro S.A. (NYSE:BMA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,100 shares of the bank's stock, valued at approximately $493,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Claro Advisors LLC grew its stake in shares of Banco Macro by 87.0% in the 3rd quarter. Claro Advisors LLC now owns 10,200 shares of the bank's stock worth $648,000 after buying an additional 4,744 shares in the last quarter. Blue Trust Inc. lifted its position in Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank's stock valued at $45,000 after acquiring an additional 387 shares during the last quarter. X Square Capital LLC purchased a new stake in Banco Macro in the third quarter valued at about $445,000. Diversify Wealth Management LLC raised its stake in Banco Macro by 4.3% in the third quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank's stock valued at $1,058,000 after buying an additional 693 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new position in shares of Banco Macro in the third quarter worth about $381,000.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a report on Monday, December 16th.
View Our Latest Report on Banco Macro
Banco Macro Trading Down 4.0 %
NYSE:BMA traded down $3.89 on Wednesday, reaching $92.36. The company's stock had a trading volume of 310,048 shares, compared to its average volume of 375,089. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 8.09 and a beta of 1.67. Banco Macro S.A. has a 12-month low of $28.68 and a 12-month high of $118.42. The stock has a 50 day moving average price of $99.57 and a 200 day moving average price of $78.01.
Banco Macro (NYSE:BMA - Get Free Report) last released its quarterly earnings data 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%. On average, equities analysts anticipate that Banco Macro S.A. will post 7.87 EPS for the current fiscal year.
Banco Macro Profile
(
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.
Further Reading
Before you consider Banco Macro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Macro wasn't on the list.
While Banco Macro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
