LPL Financial LLC cut its position in Banco Macro S.A. (NYSE:BMA - Free Report) by 65.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,357 shares of the bank's stock after selling 19,544 shares during the period. LPL Financial LLC's holdings in Banco Macro were worth $1,002,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BMA. Jane Street Group LLC bought a new position in shares of Banco Macro in the third quarter valued at $421,000. Virtu Financial LLC acquired a new stake in shares of Banco Macro in the 3rd quarter worth about $644,000. Tidal Investments LLC lifted its position in Banco Macro by 139.3% in the 3rd quarter. Tidal Investments LLC now owns 14,904 shares of the bank's stock valued at $946,000 after acquiring an additional 8,675 shares in the last quarter. GAMMA Investing LLC boosted its stake in Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after purchasing an additional 452 shares during the last quarter. Finally, TT International Asset Management LTD increased its holdings 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 purchasing an additional 529,610 shares in the last quarter.
Banco Macro Stock Up 0.4 %
Shares of BMA stock traded up $0.34 on Friday, hitting $93.19. The stock had a trading volume of 67,442 shares, compared to its average volume of 338,483. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The business has a 50 day moving average of $82.52 and a 200 day moving average of $87.72. Banco Macro S.A. has a 12-month low of $42.23 and a 12-month high of $118.42. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 8.18 and a beta of 1.53.
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 company a "neutral" rating in a report on Monday.
Read Our Latest Report on BMA
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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