Banco Macro S.A. (NYSE:BMA) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Banco Macro S.A. (NYSE:BMA) by 54.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 208,944 shares of the bank’s stock after buying an additional 73,524 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Banco Macro were worth $5,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BMA. Envestnet Asset Management Inc. acquired a new stake in shares of Banco Macro during the first quarter worth $361,000. JPMorgan Chase & Co. lifted its position in Banco Macro by 456.9% during the first quarter. JPMorgan Chase & Co. now owns 6,298 shares of the bank’s stock valued at $109,000 after purchasing an additional 5,167 shares during the period. BlackRock Inc. lifted its position in Banco Macro by 3.7% during the first quarter. BlackRock Inc. now owns 20,798 shares of the bank’s stock valued at $360,000 after purchasing an additional 747 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Banco Macro by 77.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 163,609 shares of the bank’s stock valued at $2,830,000 after purchasing an additional 71,205 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Banco Macro during the first quarter valued at $2,595,000.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 30th.

Banco Macro Trading Down 0.5 %

Shares of Banco Macro stock opened at $51.46 on Monday. The firm has a 50-day simple moving average of $41.39 and a two-hundred day simple moving average of $30.47. The company has a market cap of $3.29 billion, a P/E ratio of 9.31 and a beta of 1.86. Banco Macro S.A. has a fifty-two week low of $16.49 and a fifty-two week high of $54.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.88 and a current ratio of 1.05.

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 (ATMs), and money transfers.