Diversify Wealth Management LLC Increases Stake in Banco Macro S.A. (NYSE:BMA)

Diversify Wealth Management LLC raised its holdings in shares of Banco Macro S.A. (NYSE:BMA) by 13.6% during the 4th quarter, HoldingsChannel reports. The fund owned 18,922 shares of the bank’s stock after acquiring an additional 2,265 shares during the quarter. Diversify Wealth Management LLC’s holdings in Banco Macro were worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. TT International Asset Management LTD lifted its position in Banco Macro by 86.6% during the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after purchasing an additional 529,610 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Banco Macro during the 4th quarter valued at about $735,000. Duquesne Family Office LLC lifted its position in shares of Banco Macro by 30.9% during the 2nd quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank’s stock valued at $15,659,000 after buying an additional 64,400 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Banco Macro during the 3rd quarter valued at approximately $421,000. Finally, Point72 Asset Management L.P. purchased a new stake in Banco Macro in the 3rd quarter worth approximately $826,000.

Banco Macro Trading Down 6.3 %

BMA stock opened at $104.62 on Tuesday. 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 $26.74 and a 1-year high of $118.42. The business has a 50 day simple moving average of $95.03 and a two-hundred day simple moving average of $74.33. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 9.17 and a beta of 1.68.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BMA shares. Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target on the stock in a report on Monday, December 16th. StockNews.com downgraded shares of Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

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.