Banco Macro S.A. (NYSE:BMA) Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP lowered its stake in shares of Banco Macro S.A. (NYSE:BMA) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 378,625 shares of the bank’s stock after selling 85,675 shares during the quarter. Oaktree Capital Management LP owned approximately 0.59% of Banco Macro worth $36,636,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Banco Macro during the 4th quarter worth $63,000. GAMMA Investing LLC grew its holdings in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after purchasing an additional 452 shares during the last quarter. Blue Trust Inc. increased its position in shares of Banco Macro by 171.6% during the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after purchasing an additional 1,225 shares in the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Banco Macro in the 4th quarter valued at about $199,000. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in shares of Banco Macro in the 4th quarter valued at about $207,000.

Wall Street Analysts Forecast Growth

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

Banco Macro Stock Down 2.1 %

Shares of NYSE:BMA opened at $78.50 on Friday. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The stock has a market cap of $5.02 billion, a P/E ratio of 6.88 and a beta of 1.73. The firm has a fifty day moving average price of $89.96 and a 200 day moving average price of $86.15.

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.