Banco Macro S.A. (NYSE:BMA) Position Lowered by AdvisorShares Investments LLC

AdvisorShares Investments LLC lessened its holdings in Banco Macro S.A. (NYSE:BMA) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,000 shares of the bank’s stock after selling 1,910 shares during the period. AdvisorShares Investments LLC’s holdings in Banco Macro were worth $1,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BMA. Tower Research Capital LLC TRC boosted its stake in Banco Macro by 1,829.0% in 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. bought a new stake in shares of Banco Macro in the 4th quarter worth approximately $63,000. GAMMA Investing LLC boosted its position in Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after purchasing an additional 452 shares during the period. Blue Trust Inc. grew its stake in Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after buying an additional 1,225 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in Banco Macro in the fourth quarter worth $199,000.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target 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 Stock Performance

Shares of BMA stock opened at $91.57 on Tuesday. The business has a 50 day simple moving average of $82.55 and a 200 day simple moving average of $88.22. 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 $5.85 billion, a price-to-earnings ratio of 8.03 and a beta of 1.53. Banco Macro S.A. has a 12-month low of $42.23 and a 12-month high of $118.42.

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.