Nkcfo LLC Acquires Shares of 7,000 Banco Macro S.A. (NYSE:BMA)

Nkcfo LLC bought a new stake in Banco Macro S.A. (NYSE:BMA) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,000 shares of the bank’s stock, valued at approximately $677,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Legal Advantage Investments Inc. lifted its position in shares of Banco Macro by 4.0% during the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank’s stock worth $755,000 after buying an additional 300 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after acquiring an additional 387 shares during the last quarter. Sigma Planning Corp boosted its stake in shares of Banco Macro by 6.7% in the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock valued at $398,000 after purchasing an additional 395 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after purchasing an additional 452 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its position in Banco Macro by 4.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank’s stock worth $1,058,000 after purchasing an additional 693 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upgraded shares of 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

NYSE:BMA opened at $92.05 on Friday. The stock’s 50-day moving average is $100.93 and its 200-day moving average is $80.12. Banco Macro S.A. has a 1-year low of $30.70 and a 1-year high of $118.42. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.88 billion, a P/E ratio of 8.07 and a beta of 1.67.

Banco Macro (NYSE:BMA) last posted its earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. Equities research analysts anticipate that Banco Macro S.A. will post 7.87 earnings per share for the current year.

About Banco Macro

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.