Virtu Financial LLC Takes Position in Banco Macro S.A. (NYSE:BMA)

Virtu Financial LLC bought a new position in shares of Banco Macro S.A. (NYSE:BMA) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,140 shares of the bank’s stock, valued at approximately $644,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Candriam S.C.A. purchased a new stake in Banco Macro in the 2nd quarter worth approximately $43,236,000. TT International Asset Management LTD lifted its stake in shares of Banco Macro by 21.9% in the 3rd quarter. TT International Asset Management LTD now owns 611,476 shares of the bank’s stock valued at $38,828,000 after purchasing an additional 109,793 shares during the period. Duquesne Family Office LLC boosted its holdings in Banco Macro by 30.9% during the second quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank’s stock worth $15,659,000 after buying an additional 64,400 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in Banco Macro during the second quarter valued at $12,326,000. Finally, Marshall Wace LLP increased its holdings in Banco Macro by 72.3% in the second quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock valued at $9,491,000 after buying an additional 69,494 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Banco Macro from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised Banco Macro from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $14.00 to $78.00 in a report on Friday, August 30th.

Banco Macro Trading Up 3.8 %

Shares of NYSE BMA opened at $92.98 on Friday. 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 firm has a fifty day moving average of $79.26 and a 200 day moving average of $65.86. Banco Macro S.A. has a one year low of $24.41 and a one year high of $93.65.

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.