Russell Investments Group Ltd. Purchases 39,626 Shares of Banco Macro S.A. (NYSE:BMA)

Russell Investments Group Ltd. boosted its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 103.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,785 shares of the bank's stock after acquiring an additional 39,626 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of Banco Macro worth $7,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TT International Asset Management LTD raised 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 valued at $110,411,000 after buying an additional 529,610 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Banco Macro by 136.1% in the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after acquiring an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd purchased a new position in shares of Banco Macro during the 4th quarter worth about $20,203,000. Axiom Investors LLC DE grew its holdings in Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after purchasing an additional 127,678 shares during the last quarter. Finally, Sagil Capital LLP purchased a new stake in Banco Macro in the 4th quarter worth about $7,337,000.

Banco Macro Trading Up 0.8 %

BMA traded up $0.68 during trading hours on Friday, reaching $90.90. 270,558 shares of the company's stock traded hands, compared to its average volume of 341,004. The firm has a 50-day moving average price of $82.44 and a 200 day moving average price of $86.82. The firm has a market capitalization of $5.81 billion, a PE ratio of 7.97 and a beta of 1.53. The company has a quick ratio of 0.79, a current ratio of 1.02 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.

Banco Macro Company 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.