Blue Trust Inc. Trims Stock Position in Banco Macro S.A. (NYSE:BMA)

Blue Trust Inc. decreased its position in Banco Macro S.A. (NYSE:BMA) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 584 shares of the bank’s stock after selling 130 shares during the period. Blue Trust Inc.’s holdings in Banco Macro were worth $57,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. TT International Asset Management LTD boosted its position in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after acquiring an additional 529,610 shares in the last quarter. Dorsey Wright & Associates boosted its position in Banco Macro by 13.1% during the third quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank’s stock valued at $4,769,000 after purchasing an additional 8,679 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Banco Macro by 351.0% during the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock valued at $3,259,000 after purchasing an additional 39,947 shares in the last quarter. Diversify Wealth Management LLC grew its stake in Banco Macro by 13.6% in the fourth quarter. Diversify Wealth Management LLC now owns 18,922 shares of the bank’s stock valued at $1,831,000 after purchasing an additional 2,265 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its holdings in Banco Macro by 300.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 15,333 shares of the bank’s stock worth $974,000 after purchasing an additional 11,507 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Banco Macro Trading Down 1.8 %

BMA opened at $86.38 on Wednesday. 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 company’s 50 day simple moving average is $100.86 and its two-hundred day simple moving average is $82.11. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 7.57 and a beta of 1.67. Banco Macro S.A. has a 1-year low of $35.89 and a 1-year high of $118.42.

Banco Macro (NYSE:BMA) last announced its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. Analysts expect that Banco Macro S.A. will post 7.84 EPS for the current fiscal year.

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.