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

Nkcfo LLC bought a new stake in Banco Macro S.A. (NYSE:BMA) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,000 shares of the bank’s stock, valued at approximately $677,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Claro Advisors LLC lifted its position in shares of Banco Macro by 87.0% in the third quarter. Claro Advisors LLC now owns 10,200 shares of the bank’s stock valued at $648,000 after buying an additional 4,744 shares during the last quarter. Blue Trust Inc. lifted its holdings in Banco Macro by 118.3% during the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after purchasing an additional 387 shares during the last quarter. X Square Capital LLC acquired a new stake in Banco Macro during the 3rd quarter valued at $445,000. Diversify Wealth Management LLC increased its holdings in shares of Banco Macro by 4.3% in the third quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank’s stock valued at $1,058,000 after purchasing an additional 693 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Banco Macro in the third quarter valued at $381,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price for the company in a research note on Monday, December 16th.

Banco Macro Stock Performance

BMA opened at $92.05 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 business has a fifty day simple moving average of $100.93 and a 200 day simple moving average of $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 market capitalization of $5.88 billion, a PE ratio of 8.07 and a beta of 1.67.

Banco Macro (NYSE:BMA) last announced its earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 EPS 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.