Sigma Planning Corp Purchases 395 Shares of Banco Macro S.A. (NYSE:BMA)

Sigma Planning Corp increased its position in Banco Macro S.A. (NYSE:BMA) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,275 shares of the bank’s stock after purchasing an additional 395 shares during the period. Sigma Planning Corp’s holdings in Banco Macro were worth $398,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Banco Macro during the 1st quarter worth approximately $33,000. Blue Trust Inc. grew its holdings in Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after buying an additional 387 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Banco Macro in the 2nd quarter valued at $51,000. Shilanski & Associates Inc. bought a new position in Banco Macro during the 2nd quarter valued at $244,000. Finally, Rokos Capital Management LLP purchased a new position in Banco Macro during the 1st quarter worth $296,000.

Analysts Set New Price Targets

Several brokerages have recently commented on BMA. Bank of America upgraded shares of Banco Macro from an “underperform” rating to a “neutral” rating and increased their target price for the company from $53.00 to $62.00 in a report on Thursday, August 8th. StockNews.com cut shares of Banco Macro from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. upgraded Banco Macro from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $14.00 to $78.00 in a research note on Friday, August 30th.

Banco Macro Stock Up 1.4 %

NYSE BMA opened at $80.18 on Friday. The business’s fifty day moving average is $72.01 and its 200-day moving average is $62.45. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.14. Banco Macro S.A. has a one year low of $18.91 and a one year high of $83.69.

Banco Macro (NYSE:BMA) last released its earnings results on Thursday, August 22nd. The bank reported ($4.01) earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($5.50). Banco Macro had a net margin of 12.58% and a return on equity of 25.98%. The company had revenue of $1.03 billion during the quarter. During the same quarter last year, the firm posted $2.69 EPS. As a group, equities research analysts anticipate that Banco Macro S.A. will post 6.35 earnings per share for the current year.

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.