Banco Macro S.A. (NYSE:BMA) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its position in shares of Banco Macro S.A. (NYSE:BMA) by 50.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,315 shares of the bank’s stock after selling 6,370 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Banco Macro were worth $611,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of Banco Macro by 1,829.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock worth $58,000 after purchasing an additional 567 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Banco Macro during the 4th quarter worth approximately $63,000. Blue Trust Inc. grew its stake 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 worth $188,000 after purchasing an additional 1,225 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in shares of Banco Macro during the 4th quarter worth approximately $199,000. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in shares of Banco Macro during the 4th quarter worth approximately $207,000.

Banco Macro Trading Down 2.5%

Shares of NYSE:BMA opened at $92.08 on Friday. Banco Macro S.A. has a 1 year low of $42.23 and a 1 year high of $118.42. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 8.07 and a beta of 1.73. 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 business’s 50 day moving average price is $83.41 and its 200-day moving average price is $89.32.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on shares of Banco Macro from $78.00 to $89.00 and gave the stock a “neutral” rating in a research note 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.