Blue Trust Inc. Has $188,000 Holdings in Banco Macro S.A. (NYSE:BMA)

Blue Trust Inc. grew its position in shares of Banco Macro S.A. (NYSE:BMA) by 171.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,939 shares of the bank’s stock after buying an additional 1,225 shares during the quarter. Blue Trust Inc.’s holdings in Banco Macro were worth $188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. TT International Asset Management LTD raised its position in Banco Macro by 86.6% during the fourth 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 raised its holdings in shares of Banco Macro by 13.1% during the 3rd 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 lifted its stake in shares of Banco Macro by 351.0% in the 3rd 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 during the last quarter. Diversify Wealth Management LLC boosted its holdings in Banco Macro by 13.6% in the fourth quarter. Diversify Wealth Management LLC now owns 18,922 shares of the bank’s stock worth $1,831,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in Banco Macro by 300.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 15,333 shares of the bank’s stock worth $974,000 after buying an additional 11,507 shares during the last quarter.

Banco Macro Trading Up 0.5 %

Shares of BMA stock opened at $96.33 on Wednesday. The business’s 50 day moving average is $99.32 and its two-hundred day moving average is $77.72. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 12 month low of $28.68 and a 12 month high of $118.42. The company has a market cap of $6.16 billion, a PE ratio of 8.44 and a beta of 1.67.

Banco Macro (NYSE:BMA) last posted its 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 net margin of 15.12% and a return on equity of 26.55%. Equities analysts predict that Banco Macro S.A. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.