Activest Wealth Management Takes Position in Banco Macro S.A. (NYSE:BMA)

Activest Wealth Management acquired a new position in Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,134 shares of the bank’s stock, valued at approximately $981,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BMA. TT International Asset Management LTD lifted its holdings 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 worth $110,411,000 after buying an additional 529,610 shares during the period. BNP Paribas Financial Markets raised its position in shares of Banco Macro by 351.0% during the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock worth $3,259,000 after acquiring an additional 39,947 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Banco Macro in the third quarter worth approximately $971,000. Point72 Asset Management L.P. bought a new stake in Banco Macro in the third quarter valued at approximately $826,000. Finally, Verition Fund Management LLC acquired a new stake in Banco Macro during the 3rd quarter valued at approximately $800,000.

Banco Macro Stock Down 6.0 %

Shares of NYSE:BMA opened at $93.21 on Monday. The business’s 50-day moving average is $100.29 and its 200-day moving average is $78.70. Banco Macro S.A. has a 1 year low of $28.68 and a 1 year high of $118.42. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 8.17 and a beta of 1.67. 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 (NYSE:BMA) last issued its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Equities research analysts predict that Banco Macro S.A. will post 7.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded 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 report on Monday, December 16th.

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.