Schonfeld Strategic Advisors LLC acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,900 shares of the bank's stock, valued at approximately $958,000.
Several other institutional investors have also recently modified their holdings of BMA. TT International Asset Management LTD increased its position 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 in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Banco Macro in the fourth quarter valued at about $735,000. Jump Financial LLC lifted its position in shares of Banco Macro by 201.8% in the fourth quarter. Jump Financial LLC now owns 24,992 shares of the bank's stock worth $2,418,000 after buying an additional 16,710 shares in the last quarter. HUB Investment Partners LLC purchased a new stake in shares of Banco Macro in the fourth quarter worth about $326,000. Finally, D.A. Davidson & CO. bought a new stake in Banco Macro during the fourth quarter worth approximately $284,000.
Banco Macro Stock Up 0.7%
Banco Macro stock traded up $0.62 during mid-day trading on Tuesday, reaching $93.29. 283,534 shares of the company were exchanged, compared to its average volume of 328,844. The business has a fifty day moving average of $82.78 and a 200 day moving average of $89.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market cap of $5.96 billion, a P/E ratio of 8.18 and a beta of 1.73. Banco Macro S.A. has a 12-month low of $42.23 and a 12-month high of $118.42.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. boosted their price objective on Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st.
Read Our Latest Stock Analysis on Banco Macro
Banco Macro 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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