Yorktown Management & Research Co Inc Makes New Investment in Banco Macro S.A. (NYSE:BMA)

Yorktown Management & Research Co Inc bought a new position in shares of Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,100 shares of the bank’s stock, valued at approximately $493,000.

Several other hedge funds also recently made changes to their positions in BMA. Claro Advisors LLC increased its holdings in shares of Banco Macro by 87.0% during the third quarter. Claro Advisors LLC now owns 10,200 shares of the bank’s stock worth $648,000 after purchasing an additional 4,744 shares during the period. Blue Trust Inc. increased its holdings in shares of Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after purchasing an additional 387 shares during the period. X Square Capital LLC bought a new position in shares of Banco Macro during the third quarter worth approximately $445,000. Diversify Wealth Management LLC increased its holdings in shares of Banco Macro by 4.3% during the third 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 during the period. Finally, NorthRock Partners LLC bought a new position in shares of Banco Macro during the third quarter worth approximately $381,000.

Analysts Set New Price Targets

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

Banco Macro Stock Performance

Shares of NYSE:BMA opened at $96.33 on Wednesday. The company’s 50 day simple moving average is $99.32 and its 200 day simple moving average is $77.72. The stock has a market capitalization of $6.16 billion, a price-to-earnings ratio of 8.44 and a beta of 1.67. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. Banco Macro S.A. has a 1 year low of $28.68 and a 1 year high of $118.42.

Banco Macro (NYSE:BMA) last announced its quarterly earnings data 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%. As a group, research analysts predict that Banco Macro S.A. will post 7.87 EPS for the current fiscal year.

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.