Jane Street Group LLC Acquires Shares of 6,636 Banco Macro S.A. (NYSE:BMA)

Jane Street Group LLC purchased a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,636 shares of the bank's stock, valued at approximately $421,000.

Other large investors have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC increased its position in shares of Banco Macro by 6.2% in the second quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank's stock valued at $316,000 after acquiring an additional 323 shares during the period. Blue Trust Inc. grew its stake in shares of Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank's stock worth $45,000 after purchasing an additional 387 shares during the last quarter. Sigma Planning Corp raised its position in Banco Macro by 6.7% during the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank's stock valued at $398,000 after purchasing an additional 395 shares during the last quarter. Diversify Wealth Management LLC raised its position in Banco Macro by 4.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 16,657 shares of the bank's stock valued at $1,058,000 after purchasing an additional 693 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Banco Macro in the 2nd quarter worth approximately $51,000.

Analyst Upgrades and Downgrades

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

Banco Macro Stock Down 2.2 %

Shares of BMA traded down $2.58 on Wednesday, reaching $113.27. The stock had a trading volume of 267,325 shares, compared to its average volume of 393,517. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. Banco Macro S.A. has a 12-month low of $24.41 and a 12-month high of $118.42. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 9.93 and a beta of 1.68. The company has a 50-day simple moving average of $89.16 and a 200-day simple moving average of $70.88.

Banco Macro 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.