Arrowstreet Capital Limited Partnership Trims Stake in Banco Macro S.A. (NYSE:BMA)

Arrowstreet Capital Limited Partnership lowered its stake in Banco Macro S.A. (NYSE:BMA) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,066 shares of the bank’s stock after selling 36,705 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Banco Macro were worth $30,486,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal Advantage Investments Inc. lifted its holdings in Banco Macro by 4.0% in the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank’s stock worth $755,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 452 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Banco Macro in the 4th quarter worth approximately $63,000. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 1,225 shares in the last quarter. Finally, Burns Matteson Capital Management LLC bought a new position in shares of Banco Macro during the 4th quarter valued at approximately $199,000.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target on the stock in a research note on Monday, December 16th.

Banco Macro Trading Up 0.1 %

Shares of NYSE BMA opened at $76.76 on Thursday. The stock has a market capitalization of $4.90 billion, a P/E ratio of 6.73 and a beta of 1.73. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The business’s 50 day moving average is $88.07 and its two-hundred day moving average is $86.37. 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 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.