Banco Macro (NYSE:BMA) Shares Down 3.8% - What's Next?

Banco Macro S.A. (NYSE:BMA - Get Free Report) shares dropped 3.8% during mid-day trading on Friday . The company traded as low as $106.78 and last traded at $107.33. Approximately 163,268 shares traded hands during trading, a decline of 54% from the average daily volume of 356,636 shares. The stock had previously closed at $111.63.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com downgraded shares of Banco Macro from a "buy" rating to a "hold" rating in a research report on Thursday, September 26th. Morgan Stanley raised shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price for the company in a report on Monday, December 16th.

Banco Macro Stock Performance

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 stock has a fifty day moving average price of $94.01 and a 200-day moving average price of $73.36. The firm has a market cap of $6.71 billion, a price-to-earnings ratio of 9.20 and a beta of 1.68.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BMA. TT International Asset Management LTD increased its position in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after purchasing an additional 529,610 shares during the period. Marshall Wace LLP raised its position in Banco Macro by 72.3% in the second 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 in the last quarter. 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 in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Banco Macro by 351.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock worth $3,259,000 after purchasing an additional 39,947 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of Banco Macro in the second quarter valued at about $1,344,000.

Banco Macro Company Profile

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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