Duquesne Family Office LLC Grows Holdings in Banco Macro S.A. (NYSE:BMA)

Duquesne Family Office LLC raised its position in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 14.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 485,430 shares of the bank's stock after purchasing an additional 61,300 shares during the quarter. Banco Macro accounts for about 1.3% of Duquesne Family Office LLC's investment portfolio, making the stock its 21st largest position. Duquesne Family Office LLC owned approximately 0.76% of Banco Macro worth $46,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC raised its stake in Banco Macro by 570.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 56,986 shares of the bank's stock valued at $5,514,000 after purchasing an additional 48,488 shares during the period. Cetera Investment Advisers increased its holdings in Banco Macro by 31.2% in the 4th quarter. Cetera Investment Advisers now owns 9,215 shares of the bank's stock valued at $892,000 after acquiring an additional 2,194 shares during the last quarter. Brevan Howard Capital Management LP lifted its stake in Banco Macro by 83.0% in the 4th quarter. Brevan Howard Capital Management LP now owns 145,761 shares of the bank's stock worth $14,378,000 after purchasing an additional 66,109 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Banco Macro by 93.5% during the 4th quarter. Bank of America Corp DE now owns 6,631 shares of the bank's stock valued at $642,000 after purchasing an additional 3,205 shares during the last quarter. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Banco Macro during the fourth quarter valued at about $2,267,000.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target 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.

Banco Macro Trading Up 1.5 %

Shares of BMA traded up $1.31 during midday trading on Friday, hitting $88.26. The stock had a trading volume of 256,133 shares, compared to its average volume of 328,405. Banco Macro S.A. has a 1 year low of $42.23 and a 1 year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The stock's 50 day moving average is $82.63 and its 200 day moving average is $88.86. The firm has a market cap of $5.64 billion, a PE ratio of 7.74 and a beta of 1.73.

Banco Macro Company 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.