Driehaus Capital Management LLC lowered its holdings in shares of Banco Macro S.A. (NYSE:BMA) by 24.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,794 shares of the bank’s stock after selling 922 shares during the period. Driehaus Capital Management LLC’s holdings in Banco Macro were worth $324,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in BMA. Icon Wealth Partners LLC bought a new stake in Banco Macro in the 4th quarter worth $104,000. Royal Bank of Canada lifted its position in shares of Banco Macro by 66.6% in the 2nd quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock worth $129,000 after purchasing an additional 560 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Banco Macro in the 3rd quarter worth about $317,000. Rational Advisors LLC lifted its position in shares of Banco Macro by 30.4% in the 4th quarter. Rational Advisors LLC now owns 3,000 shares of the bank’s stock worth $348,000 after purchasing an additional 700 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new stake in shares of Banco Macro in the 3rd quarter worth about $399,000. 30.57% of the stock is currently owned by institutional investors.
Several equities research analysts have recently commented on BMA shares. ValuEngine cut shares of Banco Macro from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 2nd. HSBC raised shares of Banco Macro from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. UBS raised shares of Banco Macro from a “hold” rating to a “buy” rating in a research report on Monday, March 12th. Zacks Investment Research cut shares of Banco Macro from a “buy” rating to a “strong sell” rating in a research report on Monday, February 12th. Finally, Citigroup raised shares of Banco Macro from a “neutral” rating to a “buy” rating in a research report on Monday, March 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $117.35.
NYSE BMA traded down $1.59 during trading hours on Friday, reaching $108.40. 69,786 shares of the company’s stock traded hands, compared to its average volume of 151,763. The stock has a market cap of $7,138.79, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 0.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.24. Banco Macro S.A. has a 52-week low of $82.68 and a 52-week high of $136.10.
Banco Macro (NYSE:BMA) last released its quarterly earnings data on Monday, February 19th. The bank reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.31 by $0.09. The business had revenue of $401.72 million during the quarter. Banco Macro had a net margin of 21.88% and a return on equity of 25.77%. research analysts expect that Banco Macro S.A. will post 10.65 earnings per share for the current fiscal year.
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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.
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