Invesco Ltd. trimmed its holdings in Banco Macro S.A. (NYSE:BMA - Free Report) by 32.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Legal Advantage Investments Inc. increased its position in shares of Banco Macro by 4.0% during the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank's stock valued at $755,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC increased its holdings in Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock worth $76,000 after buying an additional 452 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Banco Macro in the fourth quarter worth about $63,000. Blue Trust Inc. boosted its stake in Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock valued at $188,000 after acquiring an additional 1,225 shares during the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Banco Macro during the 4th quarter valued at approximately $199,000.
Banco Macro Price Performance
Shares of Banco Macro stock traded down $2.03 during trading on Wednesday, hitting $88.43. The stock had a trading volume of 408,909 shares, compared to its average volume of 336,033. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 12 month low of $42.23 and a 12 month high of $118.42. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 7.75 and a beta of 1.53. The business's 50-day moving average is $82.48 and its 200 day moving average is $88.24.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. raised their target price on Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st.
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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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