HUB Investment Partners LLC Purchases New Shares in Banco Macro S.A. (NYSE:BMA)

HUB Investment Partners LLC acquired a new position in shares of Banco Macro S.A. (NYSE:BMA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,370 shares of the bank’s stock, valued at approximately $326,000.

Several other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Banco Macro by 351.0% during the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock valued at $3,259,000 after purchasing an additional 39,947 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in Banco Macro in the 3rd quarter valued at about $573,000. Verition Fund Management LLC bought a new position in shares of Banco Macro during the 3rd quarter worth approximately $800,000. Point72 Asset Management L.P. bought a new position in shares of Banco Macro during the 3rd quarter worth approximately $826,000. Finally, Quadrature Capital Ltd purchased a new position in shares of Banco Macro in the 3rd quarter worth approximately $971,000.

Banco Macro Stock Performance

NYSE BMA opened at $82.32 on Friday. The company has a market capitalization of $5.26 billion, a PE ratio of 7.21 and a beta of 1.73. 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 S.A. has a 52-week low of $42.23 and a 52-week high of $118.42. The company has a 50-day simple moving average of $92.85 and a 200 day simple moving average of $85.33.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded 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 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.