Baillie Gifford & Co. Acquires 41,558 Shares of Banco Macro SA ADR (BMA)

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Baillie Gifford & Co. lifted its position in shares of Banco Macro SA ADR (NYSE:BMA) by 9.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 498,899 shares of the bank’s stock after buying an additional 41,558 shares during the quarter. Baillie Gifford & Co. owned approximately 0.76% of Banco Macro worth $22,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its stake in shares of Banco Macro by 662.0% during the 3rd quarter. Hsbc Holdings PLC now owns 2,126,551 shares of the bank’s stock valued at $87,976,000 after buying an additional 1,847,464 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Banco Macro by 16.9% during the 4th quarter. BlackRock Inc. now owns 1,895,172 shares of the bank’s stock valued at $83,804,000 after buying an additional 273,982 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Banco Macro by 12.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,348,883 shares of the bank’s stock valued at $55,803,000 after buying an additional 151,680 shares in the last quarter. Odey Asset Management Group Ltd lifted its stake in shares of Banco Macro by 146.2% during the 3rd quarter. Odey Asset Management Group Ltd now owns 1,145,622 shares of the bank’s stock valued at $47,394,000 after buying an additional 680,390 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Banco Macro by 30.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 251,953 shares of the bank’s stock worth $11,140,000 after purchasing an additional 59,535 shares in the last quarter. Institutional investors own 21.20% of the company’s stock.

Several analysts have commented on BMA shares. Zacks Investment Research upgraded shares of Banco Macro from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 11th. ValuEngine cut shares of Banco Macro from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Finally, Citigroup upgraded shares of Banco Macro from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.50.

Shares of BMA stock opened at $46.69 on Friday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 5.97, a P/E/G ratio of 0.42 and a beta of 0.75. Banco Macro SA ADR has a 52 week low of $32.00 and a 52 week high of $111.67. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.17 and a current ratio of 1.08.

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Banco Macro Company Profile

Banco Macro SA provides various banking products and services to individuals and corporate customers in Argentina. It offers various retail 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 (ATMs), and money transfers.

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Institutional Ownership by Quarter for Banco Macro (NYSE:BMA)

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