Banco Macro S.A. (NYSE:BMA – Get Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.75 and traded as high as $19.26. Banco Macro shares last traded at $18.28, with a volume of 165,056 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com raised Banco Macro from a “hold” rating to a “buy” rating in a research note on Friday, November 25th.
Banco Macro Trading Down 1.1 %
The business has a fifty day simple moving average of $20.51 and a two-hundred day simple moving average of $16.75. The company has a current ratio of 0.72, a quick ratio of 0.71 and a debt-to-equity ratio of 0.15.
Banco Macro Dividend Announcement
Hedge Funds Weigh In On Banco Macro
Several hedge funds and other institutional investors have recently modified their holdings of BMA. Envestnet Asset Management Inc. bought a new position in shares of Banco Macro during the 1st quarter valued at about $361,000. JPMorgan Chase & Co. lifted its holdings in shares of Banco Macro by 456.9% in the 1st quarter. JPMorgan Chase & Co. now owns 6,298 shares of the bank’s stock valued at $109,000 after acquiring an additional 5,167 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Banco Macro by 3.7% in the 1st quarter. BlackRock Inc. now owns 20,798 shares of the bank’s stock valued at $360,000 after acquiring an additional 747 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Banco Macro by 77.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 163,609 shares of the bank’s stock valued at $2,830,000 after acquiring an additional 71,205 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Banco Macro in the 1st quarter valued at about $2,595,000. 4.87% of the stock is owned by institutional investors.
About Banco Macro
Banco Macro SA engages in the provision of financial and banking services. It serves the low and mid-income individuals, and small and mid-sized companies. The firm offers savings, checking accounts, time deposits, fund management, loans, mortgages, and direct banking transactions. The company was founded on November 21, 1966 and is headquartered in Buenos Aires, Argentina.
- Get a free copy of the StockNews.com research report on Banco Macro (BMA)
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