Jump Financial LLC raised its position in Banco Macro S.A. (NYSE:BMA - Free Report) by 201.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,992 shares of the bank's stock after purchasing an additional 16,710 shares during the quarter. Jump Financial LLC's holdings in Banco Macro were worth $2,418,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Banco Macro in the fourth quarter valued at approximately $63,000. GAMMA Investing LLC boosted its position in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after buying an additional 452 shares during the last quarter. Blue Trust Inc. grew its stake in Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock valued at $188,000 after purchasing an additional 1,225 shares during the period. Burns Matteson Capital Management LLC purchased a new stake in Banco Macro during the fourth quarter worth about $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Banco Macro in the fourth quarter worth about $207,000.
Banco Macro Trading Up 1.3 %
Shares of Banco Macro stock traded up $1.26 on Thursday, reaching $96.15. The company had a trading volume of 69,974 shares, compared to its average volume of 338,906. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 8.43 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. Banco Macro S.A. has a 1 year low of $42.23 and a 1 year high of $118.42. The firm's 50-day moving average price is $82.51 and its two-hundred day moving average price is $87.53.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. lifted their target price on shares of Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday.
Check Out Our Latest Report 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.
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