Baillie Gifford & Co. Buys New Holdings in Banco Macro SA ADR (BMA)

Baillie Gifford & Co. bought a new position in shares of Banco Macro SA ADR (NYSE:BMA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 457,341 shares of the bank’s stock, valued at approximately $18,920,000. Baillie Gifford & Co. owned 0.69% of Banco Macro as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP grew its holdings in Banco Macro by 301.7% during the third quarter. Quantbot Technologies LP now owns 3,101 shares of the bank’s stock worth $128,000 after acquiring an additional 2,329 shares during the period. Exane Derivatives grew its holdings in Banco Macro by 202.6% during the third quarter. Exane Derivatives now owns 3,126 shares of the bank’s stock worth $133,000 after acquiring an additional 2,093 shares during the period. Tower Research Capital LLC TRC acquired a new position in Banco Macro during the second quarter worth about $239,000. Capital Fund Management S.A. acquired a new position in Banco Macro during the second quarter worth about $259,000. Finally, Majedie Asset Management Ltd grew its holdings in Banco Macro by 96.5% during the third quarter. Majedie Asset Management Ltd now owns 6,698 shares of the bank’s stock worth $277,000 after acquiring an additional 3,290 shares during the period. 25.19% of the stock is currently owned by hedge funds and other institutional investors.

BMA has been the topic of a number of research analyst reports. ValuEngine raised Banco Macro from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Santander lowered Banco Macro from a “hold” rating to an “underperform” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. lowered Banco Macro from an “overweight” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Thursday, August 23rd. Citigroup lowered Banco Macro from a “buy” rating to a “neutral” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research lowered Banco Macro from a “hold” rating to a “strong sell” rating in a report on Friday, August 31st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $85.50.

Shares of BMA opened at $44.39 on Friday. The stock has a market capitalization of $2.98 billion, a P/E ratio of 5.13, a P/E/G ratio of 0.58 and a beta of 0.97. Banco Macro SA ADR has a 1-year low of $32.00 and a 1-year high of $121.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.17 and a current ratio of 1.16.

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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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