Banco BTG Pactual S.A. Buys New Stake in Banco Macro S.A. (NYSE:BMA)

Banco BTG Pactual S.A. purchased a new position in Banco Macro S.A. (NYSE:BMA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 4,400 shares of the bank’s stock, valued at approximately $426,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Banco Macro in the fourth quarter worth about $63,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 452 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after acquiring an additional 1,225 shares in the last quarter. Burns Matteson Capital Management LLC bought a new position in shares of Banco Macro during the 4th quarter valued at approximately $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Banco Macro in the fourth quarter valued at $207,000.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded 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

Shares of Banco Macro stock opened at $84.95 on Wednesday. The stock has a 50 day moving average price of $91.74 and a 200-day moving average price of $85.94. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 7.45 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.

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.