Banco Macro S.A. (NYSE:BMA) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its stake in Banco Macro S.A. (NYSE:BMA) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 584 shares of the bank’s stock after selling 130 shares during the quarter. Blue Trust Inc.’s holdings in Banco Macro were worth $57,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BMA. Burns Matteson Capital Management LLC acquired a new position in shares of Banco Macro during the 4th quarter worth $199,000. Activest Wealth Management purchased a new position in Banco Macro during the 4th quarter valued at about $981,000. Yorktown Management & Research Co Inc acquired a new position in Banco Macro during the fourth quarter worth about $493,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Banco Macro in the fourth quarter valued at about $207,000. Finally, JGP Global Gestao de Recursos Ltda. acquired a new stake in shares of Banco Macro in the fourth quarter valued at approximately $834,000.

Banco Macro Stock Down 1.8 %

BMA stock opened at $86.38 on Wednesday. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 7.57 and a beta of 1.67. Banco Macro S.A. has a 1-year low of $35.89 and a 1-year high of $118.42. The firm has a fifty day moving average price of $100.86 and a two-hundred day moving average price of $82.11. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79.

Banco Macro (NYSE:BMA) last posted its earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Research analysts predict that Banco Macro S.A. will post 7.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target for the company in a research 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.