Freedom Investment Management Inc. acquired a new position in shares of Banco Macro S.A. (NYSE:BMA - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,026 shares of the bank's stock, valued at approximately $573,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Banco Macro by 118.3% during the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank's stock valued at $45,000 after buying an additional 387 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Banco Macro during the second quarter worth approximately $51,000. Headlands Technologies LLC lifted its position in Banco Macro by 262.0% in the second quarter. Headlands Technologies LLC now owns 2,483 shares of the bank's stock worth $142,000 after purchasing an additional 1,797 shares during the period. Shilanski & Associates Inc. acquired a new stake in Banco Macro in the second quarter worth approximately $244,000. Finally, Beverly Hills Private Wealth LLC raised its stake in shares of Banco Macro by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank's stock worth $316,000 after buying an additional 323 shares in the last quarter.
Banco Macro Trading Up 3.5 %
Shares of NYSE:BMA traded up $2.86 during midday trading on Friday, reaching $84.90. The company had a trading volume of 462,658 shares, compared to its average volume of 345,062. The company has a fifty day simple moving average of $75.22 and a two-hundred day simple moving average of $64.16. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 8.30 and a beta of 1.77. Banco Macro S.A. has a 1-year low of $24.41 and a 1-year high of $86.12.
Analysts Set New Price Targets
BMA has been the topic of a number of research analyst reports. StockNews.com lowered Banco Macro from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. JPMorgan Chase & Co. upgraded shares of 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 report on Friday, August 30th. Finally, Bank of America upgraded shares of Banco Macro from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $53.00 to $62.00 in a report on Thursday, August 8th.
Check Out Our Latest Research Report on BMA
About Banco Macro
(
Free Report)
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.
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