2,055 Shares in Banco Macro S.A. (NYSE:BMA) Purchased by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,055 shares of the bank’s stock, valued at approximately $199,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TT International Asset Management LTD increased its stake in shares of Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock worth $110,411,000 after buying an additional 529,610 shares during the last quarter. Dorsey Wright & Associates increased its position in shares of Banco Macro by 13.1% in the 3rd quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank’s stock worth $4,769,000 after purchasing an additional 8,679 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Banco Macro by 351.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock valued at $3,259,000 after purchasing an additional 39,947 shares in the last quarter. Diversify Wealth Management LLC raised its stake in shares of Banco Macro by 13.6% in the 4th quarter. Diversify Wealth Management LLC now owns 18,922 shares of the bank’s stock valued at $1,831,000 after purchasing an additional 2,265 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of Banco Macro by 300.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 15,333 shares of the bank’s stock worth $974,000 after purchasing an additional 11,507 shares during the last quarter.

Wall Street Analyst Weigh In

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

Banco Macro Stock Performance

Banco Macro stock opened at $93.21 on Monday. The company has a market cap of $5.96 billion, a PE ratio of 8.17 and a beta of 1.67. Banco Macro S.A. has a 12 month low of $28.68 and a 12 month high of $118.42. The company has a fifty day moving average price of $100.29 and a two-hundred day moving average price of $78.70. 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 posted its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Research analysts expect 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.