Absolute Gestao de Investimentos Ltda. bought a new position in shares of Banco Macro S.A. (NYSE:BMA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,427 shares of the bank's stock, valued at approximately $2,267,000. Banco Macro accounts for 1.0% of Absolute Gestao de Investimentos Ltda.'s holdings, making the stock its 13th biggest holding.
Several other large investors have also modified their holdings of BMA. TT International Asset Management LTD increased its position in shares of Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after acquiring an additional 529,610 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Banco Macro in the 4th quarter valued at $735,000. Jump Financial LLC raised its position in Banco Macro by 201.8% in the fourth quarter. Jump Financial LLC now owns 24,992 shares of the bank's stock valued at $2,418,000 after purchasing an additional 16,710 shares during the period. Jane Street Group LLC acquired a new position in shares of Banco Macro during the third quarter worth about $421,000. Finally, HUB Investment Partners LLC purchased a new stake in shares of Banco Macro in the fourth quarter worth about $326,000.
Banco Macro Stock Performance
Shares of NYSE BMA traded up $0.85 during trading on Thursday, reaching $87.25. The stock had a trading volume of 106,660 shares, compared to its average volume of 329,406. 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 stock has a market cap of $5.58 billion, a PE ratio of 7.65 and a beta of 1.73. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The firm's 50 day moving average price is $82.41 and its two-hundred day moving average price is $88.65.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. raised their price target on shares of Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a report on Monday, April 21st.
View Our Latest Stock Report on BMA
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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