Yorktown Management & Research Co Inc Makes New $493,000 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) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,100 shares of the bank’s stock, valued at approximately $493,000.

A number of other large investors have also recently added to or reduced their stakes in BMA. Claro Advisors LLC boosted its stake in shares of Banco Macro by 87.0% during the 3rd quarter. Claro Advisors LLC now owns 10,200 shares of the bank’s stock worth $648,000 after buying an additional 4,744 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Banco Macro by 118.3% during the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after buying an additional 387 shares during the last quarter. X Square Capital LLC acquired a new position in shares of Banco Macro during the 3rd quarter worth about $445,000. Diversify Wealth Management LLC boosted its stake in shares of Banco Macro by 4.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank’s stock worth $1,058,000 after buying an additional 693 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in shares of Banco Macro during the 3rd quarter worth about $381,000.

Banco Macro Trading Up 0.5 %

Shares of NYSE:BMA opened at $96.33 on Wednesday. Banco Macro S.A. has a 52-week low of $28.68 and a 52-week high of $118.42. The company has a market capitalization of $6.16 billion, a P/E ratio of 8.44 and a beta of 1.67. The company has a 50-day simple moving average of $99.32 and a 200 day simple moving average of $77.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.

Banco Macro (NYSE:BMA) last issued its earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Sell-side analysts forecast that Banco Macro S.A. will post 7.87 earnings per share for the current year.

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 for the company in a research note 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.