Erste Asset Management GmbH acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,000 shares of the bank’s stock, valued at approximately $1,002,000.
A number of other institutional investors have also modified their holdings of BMA. EverSource Wealth Advisors LLC purchased a new position in Banco Macro during the fourth quarter valued at approximately $416,000. Cape Ann Asset Management Ltd purchased a new position in shares of Banco Macro during the 4th quarter valued at approximately $20,203,000. SBI Securities Co. Ltd. purchased a new position in shares of Banco Macro during the 4th quarter valued at approximately $63,000. D.A. Davidson & CO. purchased a new position in shares of Banco Macro during the 4th quarter valued at approximately $284,000. Finally, Truist Financial Corp purchased a new position in shares of Banco Macro during the 4th quarter valued at approximately $252,000.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective for the company in a report on Monday, December 16th.
Banco Macro Stock Up 3.2 %
Banco Macro stock opened at $85.26 on Friday. The stock has a market capitalization of $5.45 billion, a PE ratio of 7.47 and a beta of 1.73. Banco Macro S.A. has a 12 month low of $41.12 and a 12 month high of $118.42. The business has a 50 day simple moving average of $96.14 and a 200-day simple moving average of $84.44. 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 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.
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