Great West Life Assurance Co. Can lifted its position in Banco Macro SA ADR (NYSE:BMA) by 13.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,603 shares of the bank’s stock after buying an additional 4,100 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Banco Macro were worth $873,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Swiss National Bank bought a new position in Banco Macro during the second quarter worth $6,494,000. Parametric Portfolio Associates LLC boosted its position in Banco Macro by 31.8% during the second quarter. Parametric Portfolio Associates LLC now owns 32,055 shares of the bank’s stock worth $2,335,000 after purchasing an additional 7,738 shares during the period. Baillie Gifford & Co. boosted its position in Banco Macro by 9.9% during the second quarter. Baillie Gifford & Co. now owns 580,268 shares of the bank’s stock worth $42,272,000 after purchasing an additional 52,135 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Banco Macro during the second quarter worth $1,016,000. Finally, Banco Santander S.A. boosted its position in Banco Macro by 228.6% during the second quarter. Banco Santander S.A. now owns 81,060 shares of the bank’s stock worth $5,905,000 after purchasing an additional 56,390 shares during the period. 27.98% of the stock is owned by institutional investors and hedge funds.
BMA opened at $23.36 on Thursday. Banco Macro SA ADR has a fifty-two week low of $21.41 and a fifty-two week high of $77.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $1.60 billion, a P/E ratio of 2.99 and a beta of 1.06. The stock has a fifty day moving average of $25.02 and a 200-day moving average of $45.23.
Banco Macro (NYSE:BMA) last posted its earnings results on Wednesday, August 7th. The bank reported $2.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.43. Banco Macro had a return on equity of 35.96% and a net margin of 21.12%. The company had revenue of $465.92 million during the quarter. On average, equities research analysts predict that Banco Macro SA ADR will post 8.2 earnings per share for the current fiscal year.
A number of equities analysts have commented on BMA shares. JPMorgan Chase & Co. lifted their price objective on shares of Banco Macro from $57.00 to $61.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd. Bank of America cut shares of Banco Macro from a “buy” rating to an “underperform” rating in a research report on Thursday, September 19th. ValuEngine raised shares of Banco Macro from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley cut shares of Banco Macro from an “overweight” rating to an “underweight” rating in a research report on Monday, August 12th. Finally, Citigroup cut shares of Banco Macro from a “buy” rating to a “neutral” rating in a research report on Thursday, September 19th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.33.
About Banco Macro
Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail 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 (ATMs), and money transfers.
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