Hsbc Holdings PLC decreased its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,470 shares of the bank's stock after selling 4,062 shares during the quarter. Hsbc Holdings PLC's holdings in Banco Macro were worth $2,388,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in shares of Banco Macro by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock worth $58,000 after purchasing an additional 567 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Banco Macro during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC raised its stake in shares of 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 acquiring an additional 452 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Banco Macro by 171.6% in the 4th 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 last quarter. Finally, Burns Matteson Capital Management LLC purchased a new stake in shares of Banco Macro in the 4th quarter valued at $199,000.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. lifted their target price on shares of Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st.
Read Our Latest Research Report on Banco Macro
Banco Macro Trading Up 1.4 %
BMA stock traded up $1.18 during midday trading on Tuesday, hitting $83.91. The company had a trading volume of 25,911 shares, compared to its average volume of 333,272. 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 52 week low of $42.23 and a 52 week high of $118.42. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 7.37 and a beta of 1.73. The stock's 50 day moving average price is $82.23 and its 200 day moving average price is $88.69.
Banco Macro Company Profile
(
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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