Banco Macro SA ADR (NYSE:BMA) Stock Holdings Lifted by Andra AP fonden

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Andra AP fonden raised its stake in Banco Macro SA ADR (NYSE:BMA) by 38.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 85,400 shares of the bank’s stock after acquiring an additional 23,900 shares during the period. Andra AP fonden’s holdings in Banco Macro were worth $2,222,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BMA. Marshall Wace LLP bought a new stake in shares of Banco Macro during the 1st quarter worth $98,000. Consilium Investment Management LLC acquired a new stake in shares of Banco Macro during the second quarter worth $8,232,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Banco Macro during the second quarter valued at $36,000. Financial Gravity Wealth Inc. lifted its holdings in shares of Banco Macro by 10,250.0% during the second quarter. Financial Gravity Wealth Inc. now owns 414 shares of the bank’s stock valued at $30,000 after purchasing an additional 410 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Banco Macro in the 2nd quarter valued at $8,760,000. Institutional investors own 22.09% of the company’s stock.

BMA has been the topic of a number of analyst reports. Bank of America cut Banco Macro from a “buy” rating to an “underperform” rating in a research note on Thursday, September 19th. Citigroup lowered shares of Banco Macro from a “buy” rating to a “neutral” rating in a report on Thursday, September 19th. Scotiabank upgraded shares of Banco Macro from an “underperform” rating to a “sector perform” rating in a research report on Thursday, September 26th. ValuEngine raised shares of Banco Macro from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley cut shares of Banco Macro from an “overweight” rating to an “underweight” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $62.33.

Shares of NYSE BMA opened at $24.80 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. Banco Macro SA ADR has a one year low of $21.41 and a one year high of $77.31. The business has a 50-day moving average price of $24.48 and a two-hundred day moving average price of $42.60. The firm has a market capitalization of $1.73 billion, a PE ratio of 3.17 and a beta of 1.10.

Banco Macro Profile

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail 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 (ATMs), and money transfers.

Further Reading: Federal Reserve

Want to see what other hedge funds are holding BMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Macro SA ADR (NYSE:BMA).

Institutional Ownership by Quarter for Banco Macro (NYSE:BMA)

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