Sigma Planning Corp Purchases 395 Shares of Banco Macro S.A. (NYSE:BMA)

Sigma Planning Corp grew its position in shares of Banco Macro S.A. (NYSE:BMA) by 6.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,275 shares of the bank’s stock after purchasing an additional 395 shares during the quarter. Sigma Planning Corp’s holdings in Banco Macro were worth $398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Beverly Hills Private Wealth LLC grew its holdings in Banco Macro by 6.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank’s stock worth $316,000 after acquiring an additional 323 shares during the last quarter. Blue Trust Inc. increased its holdings in Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after purchasing an additional 387 shares during the period. Headlands Technologies LLC bought a new position in Banco Macro during the 1st quarter worth $33,000. Diversify Wealth Management LLC lifted its holdings in Banco Macro by 4.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank’s stock worth $1,058,000 after buying an additional 693 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Banco Macro in the 2nd quarter valued at about $51,000.

Analysts Set New Price Targets

A number of research firms recently commented on BMA. JPMorgan Chase & Co. raised Banco Macro from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $14.00 to $78.00 in a research note on Friday, August 30th. Bank of America raised shares of Banco Macro from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $53.00 to $62.00 in a research note on Thursday, August 8th. Finally, StockNews.com downgraded shares of Banco Macro from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th.

Banco Macro Stock Performance

NYSE BMA opened at $80.18 on Friday. The business has a 50 day simple moving average of $72.01 and a 200 day simple moving average of $62.45. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.14. Banco Macro S.A. has a one year low of $18.91 and a one year high of $83.69.

Banco Macro (NYSE:BMA) last released its quarterly earnings data on Thursday, August 22nd. The bank reported ($4.01) earnings per share for the quarter, missing the consensus estimate of $1.49 by ($5.50). The company had revenue of $1.03 billion during the quarter. Banco Macro had a net margin of 12.58% and a return on equity of 25.98%. During the same period in the prior year, the company earned $2.69 EPS. On average, sell-side analysts anticipate that Banco Macro S.A. will post 6.35 earnings per share for the current fiscal year.

About Banco Macro

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.