JGP Global Gestao de Recursos Ltda. Buys Shares of 8,617 Banco Macro S.A. (NYSE:BMA)

JGP Global Gestao de Recursos Ltda. bought a new stake in shares of Banco Macro S.A. (NYSE:BMA) in the fourth quarter, Holdings Channel reports. The fund bought 8,617 shares of the bank’s stock, valued at approximately $834,000. Banco Macro makes up approximately 1.9% of JGP Global Gestao de Recursos Ltda.’s holdings, making the stock its 8th biggest holding.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC boosted its stake in Banco Macro by 136.1% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after buying an additional 452 shares in the last quarter. Shilanski & Associates Inc. purchased a new stake in Banco Macro in the fourth quarter worth approximately $451,000. NorthRock Partners LLC purchased a new stake in Banco Macro in the third quarter worth approximately $381,000. Finally, Sigma Planning Corp boosted its stake in Banco Macro by 6.7% in the third quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock worth $398,000 after buying an additional 395 shares in the last quarter.

Banco Macro Stock Performance

NYSE:BMA opened at $99.18 on Monday. The firm has a market cap of $6.34 billion, a PE ratio of 8.69 and a beta of 1.68. Banco Macro S.A. has a fifty-two week low of $28.68 and a fifty-two week high of $118.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The business has a 50 day moving average price of $99.02 and a 200-day moving average price of $77.24.

Banco Macro (NYSE:BMA) last released its quarterly earnings data on Wednesday, November 27th. The bank reported $1.51 earnings per share 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 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 raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price for the company in a research note 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.