BNP Paribas Financial Markets Lowers Stock Position in Banco Macro S.A. (NYSE:BMA)

BNP Paribas Financial Markets reduced its holdings in Banco Macro S.A. (NYSE:BMA - Free Report) by 96.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,767 shares of the bank's stock after selling 49,560 shares during the period. BNP Paribas Financial Markets' holdings in Banco Macro were worth $171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in 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 last quarter. SBI Securities Co. Ltd. bought a new position in Banco Macro during the 4th quarter valued at about $63,000. Blue Trust Inc. grew its holdings in Banco Macro by 171.6% during 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 last quarter. Burns Matteson Capital Management LLC bought a new position in Banco Macro during the 4th quarter valued at about $199,000. Finally, Alliance Wealth Advisors LLC UT bought a new position in Banco Macro during the 4th quarter valued at about $207,000.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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 report on Monday, April 21st. Itau BBA Securities assumed coverage on shares of Banco Macro in a report on Tuesday, May 20th. They set a "market perform" rating and a $85.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $62.13.

Banco Macro Trading Down 2.9%

Banco Macro stock traded down $2.44 during trading hours on Monday, hitting $82.07. The company had a trading volume of 340,650 shares, compared to its average volume of 321,813. The firm has a market cap of $5.24 billion, a P/E ratio of 7.19 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. Banco Macro S.A. has a 1 year low of $42.23 and a 1 year high of $118.42. The company has a 50-day moving average price of $85.49 and a two-hundred day moving average price of $90.48.

Banco Macro (NYSE:BMA - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The bank reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($1.11). The company had revenue of $759.36 million during the quarter, compared to analysts' expectations of $837.49 billion. Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. On average, sell-side analysts anticipate that Banco Macro S.A. will post 7.84 earnings per share for the current year.

Banco Macro Profile

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.