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

Virtu Financial LLC cut its stake in shares of Banco Macro S.A. (NYSE:BMA) by 27.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,352 shares of the bank’s stock after selling 2,788 shares during the quarter. Virtu Financial LLC’s holdings in Banco Macro were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HUB Investment Partners LLC purchased a new stake in Banco Macro during the 4th quarter valued at $326,000. William Blair Investment Management LLC boosted its holdings in shares of Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock worth $55,188,000 after purchasing an additional 328,800 shares during the period. Erste Asset Management GmbH bought a new stake in shares of Banco Macro in the fourth quarter worth about $1,002,000. EverSource Wealth Advisors LLC purchased a new position in Banco Macro during the 4th quarter valued at about $416,000. Finally, Cape Ann Asset Management Ltd bought a new position in Banco Macro during the 4th quarter valued at approximately $20,203,000.

Banco Macro Trading Down 1.2 %

Shares of BMA opened at $81.37 on Tuesday. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 7.13 and a beta of 1.73. The firm’s 50-day moving average price is $92.33 and its 200-day moving average price is $85.77. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

Wall Street Analyst Weigh In

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

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.