Insigneo Advisory Services LLC Invests $246,000 in Banco Macro S.A. (NYSE:BMA)

Insigneo Advisory Services LLC purchased a new stake in Banco Macro S.A. (NYSE:BMA) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,545 shares of the bank’s stock, valued at approximately $246,000.

Other institutional investors also recently bought and sold shares of the company. TT International Asset Management LTD boosted its stake in shares of Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock worth $110,411,000 after acquiring an additional 529,610 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Banco Macro by 136.1% in the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock worth $55,188,000 after acquiring an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd purchased a new position in shares of Banco Macro during the 4th quarter worth $20,203,000. Gemsstock Ltd. acquired a new position in shares of Banco Macro during the 4th quarter valued at about $15,349,000. Finally, Axiom Investors LLC DE grew its holdings in shares of Banco Macro by 72.8% in the fourth quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank’s stock valued at $29,317,000 after purchasing an additional 127,678 shares during the period.

Banco Macro Stock Performance

NYSE:BMA opened at $90.90 on Friday. The company’s 50-day moving average is $82.46 and its two-hundred day moving average is $87.00. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 7.97 and a beta of 1.53.

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.