PointState Capital LP Acquires 68,096 Shares of Banco Macro S.A. (NYSE:BMA)

PointState Capital LP increased its stake in Banco Macro S.A. (NYSE:BMA - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 339,020 shares of the bank's stock after purchasing an additional 68,096 shares during the period. PointState Capital LP owned approximately 0.53% of Banco Macro worth $32,804,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BMA. William Blair Investment Management LLC grew its position in Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after acquiring an additional 328,800 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Banco Macro by 84.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank's stock valued at $52,161,000 after acquiring an additional 247,070 shares during the last quarter. Duquesne Family Office LLC grew its position in Banco Macro by 14.5% during the fourth quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank's stock valued at $46,970,000 after acquiring an additional 61,300 shares during the last quarter. Axiom Investors LLC DE grew its position in Banco Macro by 72.8% during the fourth quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after acquiring an additional 127,678 shares during the last quarter. Finally, Cape Ann Asset Management Ltd bought a new position in Banco Macro during the fourth quarter valued at approximately $20,203,000.

Wall Street Analyst Weigh In

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 note on Monday, April 21st.

Banco Macro Stock Up 0.6%

Banco Macro stock traded up $0.56 during mid-day trading on Friday, reaching $92.69. The stock had a trading volume of 180,384 shares, compared to its average volume of 328,019. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 8.12 and a beta of 1.73. The company has a 50-day moving average price of $83.63 and a two-hundred day moving average price of $89.49. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79.

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.