MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 247,070 Shares of Banco Macro S.A. (NYSE:BMA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Banco Macro S.A. (NYSE:BMA) by 84.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 539,074 shares of the bank’s stock after buying an additional 247,070 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Banco Macro were worth $52,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BMA. Townsquare Capital LLC boosted its holdings in Banco Macro by 0.8% in the 4th quarter. Townsquare Capital LLC now owns 13,447 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 113 shares during the period. Legal Advantage Investments Inc. boosted its holdings in Banco Macro by 4.0% in the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank’s stock valued at $755,000 after purchasing an additional 300 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Banco Macro by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank’s stock valued at $58,000 after purchasing an additional 567 shares during the period. SBI Securities Co. Ltd. bought a new stake in Banco Macro in the 4th quarter valued at $63,000. Finally, Blue Trust Inc. boosted its holdings in Banco Macro by 171.6% in 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 period.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their price target 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 Trading Up 0.7%

Shares of BMA stock opened at $93.29 on Wednesday. Banco Macro S.A. has a 52-week low of $42.23 and a 52-week high of $118.42. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 8.18 and a beta of 1.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The firm has a fifty day moving average of $82.99 and a 200-day moving average of $89.19.

About Banco Macro

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.