Stifel Financial Corp Grows Stock Holdings in Banco Macro S.A. (NYSE:BMA)

Stifel Financial Corp increased its stake in Banco Macro S.A. (NYSE:BMA) by 32.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,682 shares of the bank’s stock after purchasing an additional 3,822 shares during the quarter. Stifel Financial Corp’s holdings in Banco Macro were worth $1,517,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Banco Macro by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock worth $58,000 after buying an additional 567 shares during the last quarter. Mirabella Financial Services LLP bought a new stake in shares of Banco Macro during the 4th quarter valued at about $1,248,000. Insigneo Advisory Services LLC purchased a new stake in shares of Banco Macro during the 4th quarter valued at about $246,000. Jump Financial LLC lifted its stake in shares of Banco Macro by 201.8% in the 4th quarter. Jump Financial LLC now owns 24,992 shares of the bank’s stock worth $2,418,000 after purchasing an additional 16,710 shares during the period. Finally, Mariner LLC purchased a new position in shares of Banco Macro in the fourth quarter worth approximately $221,000.

Banco Macro Stock Up 4.1 %

NYSE BMA opened at $86.14 on Wednesday. The stock’s 50-day moving average price is $82.35 and its 200-day moving average price is $88.67. 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 quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 52 week low of $42.23 and a 52 week high of $118.42.

Analyst Upgrades and Downgrades

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

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.