Virtu Financial LLC Sells 2,788 Shares of Banco Macro S.A. (NYSE:BMA)

Virtu Financial LLC trimmed its position in shares of Banco Macro S.A. (NYSE:BMA) by 27.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TT International Asset Management LTD raised its holdings in Banco Macro by 86.6% in the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after buying an additional 529,610 shares during the last quarter. William Blair Investment Management LLC raised its stake 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 valued at $55,188,000 after acquiring an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd acquired a new position in shares of Banco Macro during the fourth quarter worth $20,203,000. Dorsey Wright & Associates grew its stake in shares of Banco Macro by 13.1% in the third quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank’s stock worth $4,769,000 after purchasing an additional 8,679 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Banco Macro by 351.0% in 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 during the period.

Banco Macro Stock Performance

Shares of BMA opened at $81.37 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. The firm has a market cap of $5.20 billion, a PE ratio of 7.13 and a beta of 1.73. Banco Macro S.A. has a 1 year low of $42.23 and a 1 year high of $118.42. The stock’s fifty day moving average price is $92.33 and its two-hundred day moving average price is $85.77.

Analysts Set New Price Targets

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

Banco Macro Company 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.