Banco Macro S.A. (NYSE:BMA) Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in Banco Macro S.A. (NYSE:BMA) by 31.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 393,300 shares of the bank’s stock after selling 177,400 shares during the period. Candriam S.C.A. owned about 0.62% of Banco Macro worth $38,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BMA. SBI Securities Co. Ltd. purchased a new position in Banco Macro in the 4th quarter valued at approximately $63,000. GAMMA Investing LLC boosted its position in Banco Macro by 136.1% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after buying an additional 452 shares during the period. Blue Trust Inc. boosted its position in Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after buying an additional 1,225 shares during the period. Burns Matteson Capital Management LLC purchased a new position in Banco Macro in the 4th quarter valued at approximately $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Banco Macro in the 4th quarter valued at approximately $207,000.

Analysts Set New Price Targets

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

Banco Macro Price Performance

Banco Macro stock opened at $85.58 on Thursday. The stock has a market cap of $5.47 billion, a P/E ratio of 7.50 and a beta of 1.67. The company has a fifty day simple moving average of $98.75 and a 200-day simple moving average of $83.28. Banco Macro S.A. has a 12-month low of $38.28 and a 12-month high of $118.42. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

About Banco Macro

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.