MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 247,070 Shares of Banco Macro S.A. (NYSE:BMA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 84.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 539,074 shares of the bank's stock after purchasing an additional 247,070 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.84% of Banco Macro worth $52,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. William Blair Investment Management LLC raised its holdings in Banco Macro by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after buying an additional 328,800 shares during the period. Cape Ann Asset Management Ltd bought a new position in shares of Banco Macro in the fourth quarter valued at $20,203,000. Gemsstock Ltd. bought a new position in shares of Banco Macro in the fourth quarter valued at $15,349,000. Axiom Investors LLC DE grew its stake in shares of Banco Macro by 72.8% in the fourth quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after buying an additional 127,678 shares in the last quarter. Finally, Sagil Capital LLP bought a new position in Banco Macro during the fourth quarter worth $7,337,000.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted 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, April 21st.

Banco Macro Trading Up 0.6%

Shares of Banco Macro stock traded up $0.56 on Friday, hitting $92.69. The stock had a trading volume of 180,384 shares, compared to its average volume of 327,715. The stock has a 50 day moving average of $83.41 and a 200 day moving average of $89.32. Banco Macro S.A. has a twelve month low of $42.23 and a twelve month high of $118.42. 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 firm has a market capitalization of $5.92 billion, a P/E ratio of 8.12 and a beta of 1.73.

About Banco Macro

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.