Banco Macro S.A. (NYSE:BMA) Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its stake in shares of Banco Macro S.A. (NYSE:BMA) by 31.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 393,300 shares of the bank’s stock after selling 177,400 shares during the quarter. Candriam S.C.A.’s holdings in Banco Macro were worth $38,056,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TT International Asset Management LTD raised its stake in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock worth $110,411,000 after acquiring an additional 529,610 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Banco Macro during the 4th quarter worth $735,000. Jane Street Group LLC acquired a new stake in Banco Macro during the 3rd quarter worth $421,000. JGP Global Gestao de Recursos Ltda. acquired a new position in Banco Macro in the fourth quarter valued at $834,000. Finally, D.A. Davidson & CO. acquired a new position in Banco Macro in the fourth quarter valued at $284,000.

Banco Macro Trading Up 4.6 %

NYSE BMA opened at $85.58 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a market cap of $5.47 billion, a PE ratio of 7.50 and a beta of 1.67. Banco Macro S.A. has a one year low of $38.28 and a one year high of $118.42. The firm’s fifty day moving average is $98.75 and its two-hundred day moving average is $83.28.

Wall Street Analyst Weigh In

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

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.