Banco Macro S.A. (NYSE:BMA - Get Free Report)'s stock price was up 6% on Tuesday . The company traded as high as $114.08 and last traded at $113.45. Approximately 192,612 shares were traded during trading, a decline of 48% from the average daily volume of 366,956 shares. The stock had previously closed at $107.00.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective for the company in a research note on Monday, December 16th. StockNews.com lowered shares of Banco Macro from a "buy" rating to a "hold" rating in a research report on Thursday, September 26th.
View Our Latest Research Report on BMA
Banco Macro Stock Performance
The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The business has a 50 day moving average price of $92.76 and a two-hundred day moving average price of $72.80. The company has a market cap of $7.31 billion, a P/E ratio of 10.02 and a beta of 1.68.
Hedge Funds Weigh In On Banco Macro
Several hedge funds and other institutional investors have recently modified their holdings of BMA. Blue Trust Inc. increased its holdings 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 purchasing an additional 387 shares during the period. Sigma Planning Corp grew its position in shares of Banco Macro by 6.7% in the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank's stock worth $398,000 after buying an additional 395 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after buying an additional 452 shares during the period. Diversify Wealth Management LLC raised its holdings in shares of Banco Macro by 4.3% during the third quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank's stock valued at $1,058,000 after acquiring an additional 693 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Banco Macro during the second quarter valued at approximately $51,000.
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.
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