Mirabella Financial Services LLP acquired a new position in Banco Macro S.A. (NYSE:BMA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,894 shares of the bank's stock, valued at approximately $1,248,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Banco Macro in the 4th quarter worth approximately $63,000. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Blue Trust Inc. grew its stake in shares of Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after acquiring an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of Banco Macro during the fourth quarter valued at $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Banco Macro in the 4th quarter worth about $207,000.
Banco Macro Stock Up 0.5 %
Shares of BMA stock traded up $0.43 during mid-day trading on Friday, hitting $93.28. The company's stock had a trading volume of 228,089 shares, compared to its average volume of 339,168. 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 S.A. has a 52-week low of $42.23 and a 52-week high of $118.42. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 8.18 and a beta of 1.53. The business has a 50-day moving average price of $82.54 and a 200 day moving average price of $87.88.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. raised their price objective on shares of Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research note on Monday, April 21st.
Get Our Latest Stock 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.
Featured Articles
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
