Diversify Wealth Management LLC Grows Stock Holdings in Banco Macro S.A. (NYSE:BMA)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BMA. Blue Trust Inc. lifted its stake in shares of Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after buying an additional 387 shares in the last quarter. Sigma Planning Corp lifted its position in Banco Macro by 6.7% in the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock valued at $398,000 after acquiring an additional 395 shares in the last quarter. GAMMA Investing LLC lifted its position in Banco Macro by 136.1% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after acquiring an additional 452 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Banco Macro by 32.9% during the 2nd quarter. Mackenzie Financial Corp now owns 10,988 shares of the bank’s stock valued at $630,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Claro Advisors LLC increased its holdings in shares of Banco Macro by 87.0% in the 3rd quarter. Claro Advisors LLC now owns 10,200 shares of the bank’s stock worth $648,000 after purchasing an additional 4,744 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. StockNews.com downgraded Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday, September 26th. 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.

Banco Macro Stock Performance

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 company has a market cap of $6.69 billion, a P/E ratio of 9.17 and a beta of 1.68. The stock’s fifty day moving average price is $95.03 and its 200-day moving average price is $74.33.

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.