Banco BTG Pactual S.A. Purchases Shares of 4,400 Banco Macro S.A. (NYSE:BMA)

Banco BTG Pactual S.A. acquired a new position in Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,400 shares of the bank’s stock, valued at approximately $426,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in Banco Macro during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC raised its holdings in Banco Macro by 136.1% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after purchasing an additional 452 shares during the period. Blue Trust Inc. lifted its position in Banco Macro by 171.6% during the fourth 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 in the last quarter. Burns Matteson Capital Management LLC bought a new stake in Banco Macro during the fourth quarter valued at about $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in Banco Macro in the fourth quarter worth about $207,000.

Analyst Upgrades and Downgrades

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

Banco Macro Price Performance

NYSE:BMA opened at $84.95 on Wednesday. The business’s 50-day simple moving average is $91.74 and its two-hundred day simple moving average is $85.94. Banco Macro S.A. has a 52 week low of $42.23 and a 52 week high of $118.42. The stock has a market cap of $5.43 billion, a PE ratio of 7.45 and a beta of 1.73. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

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.