Invesco Ltd. Has $2.81 Million Position in Banco Macro S.A. (NYSE:BMA)

Invesco Ltd. cut its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 32.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,073 shares of the bank's stock after selling 13,837 shares during the period. Invesco Ltd.'s holdings in Banco Macro were worth $2,813,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. TT International Asset Management LTD grew its position in Banco Macro by 86.6% during the 4th 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 during the last quarter. William Blair Investment Management LLC grew its holdings in shares of Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after purchasing an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd acquired a new position in shares of Banco Macro in the fourth quarter valued at approximately $20,203,000. Gemsstock Ltd. bought a new position in Banco Macro in the 4th quarter valued at approximately $15,349,000. Finally, Axiom Investors LLC DE boosted its position in Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock worth $29,317,000 after buying an additional 127,678 shares during the period.

Wall Street Analysts Forecast Growth

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 report on Monday, April 21st.

Banco Macro Trading Down 2.5 %

Shares of BMA traded down $2.14 during mid-day trading on Friday, reaching $83.13. 225,853 shares of the company were exchanged, compared to its average volume of 334,642. The business has a 50 day simple moving average of $82.34 and a two-hundred day simple moving average of $88.50. 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 capitalization of $5.31 billion, a PE ratio of 7.29 and a beta of 1.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.

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.