Systrade AG Makes New Investment in Banco Macro S.A. (NYSE:BMA)

Systrade AG acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the bank’s stock, valued at approximately $968,000. Banco Macro makes up approximately 1.6% of Systrade AG’s portfolio, making the stock its 10th biggest holding.

Several other hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in shares of Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after acquiring an additional 387 shares in the last quarter. Sigma Planning Corp increased its holdings in shares of Banco Macro by 6.7% during the third quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock valued at $398,000 after acquiring an additional 395 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after acquiring an additional 452 shares in the last quarter. Diversify Wealth Management LLC increased its holdings in shares of Banco Macro by 4.3% during the third quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank’s stock valued at $1,058,000 after acquiring an additional 693 shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Banco Macro by 32.9% during the second quarter. Mackenzie Financial Corp now owns 10,988 shares of the bank’s stock valued at $630,000 after acquiring an additional 2,718 shares in the last quarter.

Banco Macro Price Performance

Shares of NYSE:BMA opened at $104.62 on Monday. Banco Macro S.A. has a twelve month low of $26.74 and a twelve month high of $118.42. The company’s 50 day moving average is $94.52 and its 200 day moving average is $73.98. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a market cap of $6.69 billion, a PE ratio of 9.17 and a beta of 1.68.

Wall Street Analysts Forecast Growth

BMA has been the topic of several recent analyst reports. StockNews.com downgraded shares of Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. 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 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.