Alliance Wealth Advisors LLC UT Invests $207,000 in Banco Macro S.A. (NYSE:BMA)

Alliance Wealth Advisors LLC UT bought a new position in shares of Banco Macro S.A. (NYSE:BMA) during the 4th quarter, Holdings Channel reports. The institutional investor bought 2,135 shares of the bank’s stock, valued at approximately $207,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its stake in Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after purchasing an additional 387 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 last quarter. NorthRock Partners LLC purchased a new position in shares of Banco Macro in the 3rd quarter valued at $381,000. Sigma Planning Corp raised its stake in Banco Macro by 6.7% during the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock worth $398,000 after acquiring an additional 395 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Banco Macro in the third quarter valued at $421,000.

Analyst Upgrades and Downgrades

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

Banco Macro Stock Performance

Shares of Banco Macro stock opened at $96.33 on Wednesday. The firm’s fifty day simple moving average is $99.32 and its 200-day simple moving average is $77.72. Banco Macro S.A. has a 12 month low of $28.68 and a 12 month high of $118.42. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 8.44 and a beta of 1.67. 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 (NYSE:BMA) last announced its earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. As a group, equities analysts forecast that Banco Macro S.A. will post 7.87 earnings per share for the current year.

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.