Banco Macro S.A. (NYSE:BMA) Shares Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 83.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,761 shares of the bank's stock after acquiring an additional 66,109 shares during the quarter. Brevan Howard Capital Management LP owned about 0.23% of Banco Macro worth $14,378,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of Banco Macro by 1,829.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock valued at $58,000 after purchasing an additional 567 shares during the period. SBI Securities Co. Ltd. bought a new stake in Banco Macro during the fourth quarter valued at approximately $63,000. 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 valued at $76,000 after buying an additional 452 shares during the last quarter. Blue Trust Inc. raised its position in Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after acquiring an additional 1,225 shares during the period. Finally, Burns Matteson Capital Management LLC purchased a new position in shares of Banco Macro during the 4th quarter worth $199,000.

Analysts Set New Price Targets

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 report on Monday, April 21st.

Banco Macro Trading Up 1.5 %

Shares of NYSE BMA traded up $1.31 during midday trading on Friday, hitting $88.26. The company's stock had a trading volume of 256,133 shares, compared to its average volume of 328,405. The business's 50 day moving average is $82.63 and its two-hundred day moving average is $88.86. Banco Macro S.A. has a 12-month low of $42.23 and a 12-month high of $118.42. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.64 billion, a P/E ratio of 7.74 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.