Banco Macro (NYSE:BMA - Get Free Report) had its price target boosted by analysts at JPMorgan Chase & Co. from $78.00 to $89.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 0.71% from the stock's previous close.
Banco Macro Stock Performance
NYSE BMA traded down $1.67 on Monday, hitting $89.64. 95,100 shares of the company traded hands, compared to its average volume of 341,208. 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 business's 50 day moving average price is $82.46 and its 200-day moving average price is $87.29. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 7.86 and a beta of 1.53. Banco Macro has a 52-week low of $42.23 and a 52-week high of $118.42.
Institutional Investors Weigh In On Banco Macro
A number of institutional investors and hedge funds have recently bought and sold shares of BMA. Townsquare Capital LLC lifted its holdings in shares of Banco Macro by 0.8% in the fourth quarter. Townsquare Capital LLC now owns 13,447 shares of the bank's stock worth $1,301,000 after buying an additional 113 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Banco Macro by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 1,029 shares of the bank's stock valued at $78,000 after purchasing an additional 245 shares during the last quarter. Legal Advantage Investments Inc. increased its holdings in shares of Banco Macro by 4.0% in the fourth quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank's stock worth $755,000 after purchasing an additional 300 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Banco Macro by 1,829.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock worth $58,000 after buying an additional 567 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Banco Macro during the 4th quarter valued at approximately $63,000.
About Banco Macro
(
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.
Further Reading
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