Capital Wealth Planning LLC Sells 11,745 Shares of Banco Macro S.A. (NYSE:BMA)

Capital Wealth Planning LLC reduced its position in shares of Banco Macro S.A. (NYSE:BMA) by 36.3% in the fourth quarter, Holdings Channel reports. The firm owned 20,582 shares of the bank’s stock after selling 11,745 shares during the quarter. Capital Wealth Planning LLC’s holdings in Banco Macro were worth $1,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. D.A. Davidson & CO. bought a new stake in shares of Banco Macro in the fourth quarter worth approximately $284,000. Truist Financial Corp bought a new stake in shares of Banco Macro in the fourth quarter worth approximately $252,000. Nkcfo LLC bought a new stake in shares of Banco Macro in the fourth quarter worth approximately $677,000. Burns Matteson Capital Management LLC bought a new stake in shares of Banco Macro in the fourth quarter worth approximately $199,000. Finally, Activest Wealth Management bought a new stake in shares of Banco Macro in the fourth quarter worth approximately $981,000.

Banco Macro Stock Performance

Shares of NYSE BMA opened at $83.51 on Friday. The firm has a 50 day moving average of $99.71 and a 200 day moving average of $82.75. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 7.32 and a beta of 1.67. Banco Macro S.A. has a 12-month low of $38.00 and a 12-month high of $118.42.

Banco Macro (NYSE:BMA) last announced its earnings results on Wednesday, November 27th. The bank reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. On average, research analysts anticipate that Banco Macro S.A. will post 7.84 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley upgraded shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target for the company in a research note on Monday, December 16th.

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.