Banco Macro S.A. (NYSE:BMA) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its stake in Banco Macro S.A. (NYSE:BMA) by 1,829.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 598 shares of the bank’s stock after purchasing an additional 567 shares during the period. Tower Research Capital LLC TRC’s holdings in Banco Macro were worth $58,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. TT International Asset Management LTD boosted its stake 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 worth $110,411,000 after purchasing an additional 529,610 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Banco Macro during the 4th quarter valued at approximately $735,000. Jump Financial LLC lifted its stake in Banco Macro by 201.8% during the 4th quarter. Jump Financial LLC now owns 24,992 shares of the bank’s stock valued at $2,418,000 after acquiring an additional 16,710 shares during the period. HUB Investment Partners LLC acquired a new stake in Banco Macro during the 4th quarter valued at approximately $326,000. Finally, D.A. Davidson & CO. acquired a new stake in Banco Macro during the 4th quarter valued at approximately $284,000.

Banco Macro Price Performance

NYSE:BMA opened at $88.26 on Monday. 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 $5.64 billion, a price-to-earnings ratio of 7.74 and a beta of 1.73. The company has a 50 day moving average price of $82.63 and a 200-day moving average price of $89.07. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted their price objective on shares of 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.