Mariner LLC Buys Shares of 2,279 Banco Macro S.A. (NYSE:BMA)

Mariner LLC purchased a new stake in shares of Banco Macro S.A. (NYSE:BMA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,279 shares of the bank’s stock, valued at approximately $221,000.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Banco Macro during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC increased its position in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after purchasing an additional 452 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after purchasing an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Banco Macro in the 4th quarter worth $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Banco Macro during the 4th quarter worth $207,000.

Banco Macro Trading Up 4.1 %

NYSE:BMA opened at $86.14 on Wednesday. The company has a market capitalization of $5.50 billion, a P/E ratio of 7.55 and a beta of 1.73. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 12 month low of $42.23 and a 12 month high of $118.42. The firm has a fifty day simple moving average of $82.35 and a 200-day simple moving average of $88.67.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their price target on Banco Macro from $78.00 to $89.00 and gave the company a “neutral” rating in a research note on Monday, April 21st.

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.