Axiom Investors LLC DE Purchases 127,678 Shares of Banco Macro S.A. (NYSE:BMA)

Axiom Investors LLC DE grew its stake in shares of Banco Macro S.A. (NYSE:BMA) by 72.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 302,983 shares of the bank’s stock after acquiring an additional 127,678 shares during the quarter. Axiom Investors LLC DE owned about 0.47% of Banco Macro worth $29,317,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BMA. SBI Securities Co. Ltd. bought a new position in shares of Banco Macro in the fourth quarter worth about $63,000. GAMMA Investing LLC boosted its stake in Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after buying an additional 452 shares during the period. Blue Trust Inc. grew its holdings in Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after purchasing an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Banco Macro during the fourth quarter valued at $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Banco Macro during the 4th quarter worth $207,000.

Analyst Upgrades and Downgrades

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

Banco Macro Trading Down 2.1 %

Shares of Banco Macro stock opened at $78.50 on Monday. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The stock has a market cap of $5.02 billion, a P/E ratio of 6.88 and a beta of 1.73. The stock’s 50 day simple moving average is $89.96 and its 200-day simple moving average is $86.30. 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 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.