Banco Macro S.A. (NYSE:BMA - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $110.00 and last traded at $109.17, with a volume of 432807 shares traded. The stock had previously closed at $96.76.
Wall Street Analysts Forecast Growth
A number of analysts have commented on BMA shares. StockNews.com downgraded shares of Banco Macro from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. Morgan Stanley upgraded Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective on the stock in a research report on Monday, December 16th.
View Our Latest Research Report on Banco Macro
Banco Macro Trading Up 1.5 %
The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company's 50-day moving average is $87.73 and its 200-day moving average is $69.98. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 9.71 and a beta of 1.68.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Candriam S.C.A. purchased a new stake in Banco Macro in the 2nd quarter valued at about $43,236,000. Ping Capital Management Inc. acquired a new stake in shares of Banco Macro during the second quarter valued at about $12,326,000. TT International Asset Management LTD raised its stake in shares of Banco Macro by 21.9% in the 3rd quarter. TT International Asset Management LTD now owns 611,476 shares of the bank's stock valued at $38,828,000 after acquiring an additional 109,793 shares during the period. Marshall Wace LLP lifted its holdings in shares of Banco Macro by 72.3% in the 2nd quarter. Marshall Wace LLP now owns 165,558 shares of the bank's stock worth $9,491,000 after acquiring an additional 69,494 shares during the last quarter. Finally, Duquesne Family Office LLC boosted its position in shares of Banco Macro by 30.9% during the 2nd quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank's stock worth $15,659,000 after purchasing an additional 64,400 shares during the period.
Banco Macro Company Profile
(
Get 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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