Banco Macro S.A. (NYSE:BMA) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Banco Macro S.A. (NYSE:BMA) by 84.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,074 shares of the bank’s stock after purchasing an additional 247,070 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.84% of Banco Macro worth $52,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its holdings in shares of Banco Macro by 1,829.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock valued at $58,000 after acquiring an additional 567 shares during the period. SBI Securities Co. Ltd. acquired a new position in Banco Macro in the 4th quarter valued at approximately $63,000. Blue Trust Inc. increased its stake in Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after buying an additional 1,225 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Banco Macro in the fourth quarter worth approximately $199,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in Banco Macro in the fourth quarter worth approximately $207,000.

Banco Macro Stock Performance

BMA stock opened at $93.29 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.96 billion, a price-to-earnings 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. The firm has a 50 day moving average of $82.99 and a two-hundred day moving average of $89.19.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of Banco Macro from $78.00 to $89.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st.

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.