Atria Investments Inc Sells 151 Shares of Banco Macro S.A. (NYSE:BMA)

Atria Investments Inc trimmed its stake in Banco Macro S.A. (NYSE:BMA) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,062 shares of the bank’s stock after selling 151 shares during the quarter. Atria Investments Inc’s holdings in Banco Macro were worth $766,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Duquesne Family Office LLC grew its stake in shares of Banco Macro by 30.9% in the second quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank’s stock valued at $15,659,000 after buying an additional 64,400 shares in the last quarter. Candriam S.C.A. acquired a new position in shares of Banco Macro during the 2nd quarter worth about $43,236,000. Marshall Wace LLP raised its holdings in shares of Banco Macro by 72.3% in the 2nd quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock valued at $9,491,000 after purchasing an additional 69,494 shares during the period. SG Americas Securities LLC bought a new position in Banco Macro during the first quarter worth about $348,000. Finally, Blue Trust Inc. increased its position in Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after buying an additional 387 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Banco Macro Trading Up 5.5 %

Shares of NYSE:BMA opened at $84.42 on Tuesday. Banco Macro S.A. has a 12-month low of $22.13 and a 12-month high of $86.12. The business has a 50 day moving average of $72.37 and a 200-day moving average of $62.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79.

Banco Macro (NYSE:BMA) last issued its quarterly earnings data on Thursday, August 22nd. The bank reported ($4.01) EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($5.50). The firm 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 quarter last year, the company posted $2.69 earnings per share. On average, equities analysts predict that Banco Macro S.A. will post 6.35 earnings per share for the current 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.