Banco Macro S.A. (NYSE:BMA – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $90.78 and last traded at $90.67, with a volume of 478885 shares. The stock had previously closed at $84.16.
Analyst Upgrades and Downgrades
BMA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Banco Macro from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $78.00 in a report on Friday, August 30th. StockNews.com lowered shares of Banco Macro from a “buy” rating to a “hold” rating in a research note on Thursday, September 26th.
Banco Macro Stock Up 3.9 %
Hedge Funds Weigh In On Banco Macro
Several large investors have recently modified their holdings of BMA. Blue Trust Inc. boosted its holdings in Banco Macro by 118.3% in the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after buying an additional 387 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Banco Macro in the second quarter worth $51,000. Headlands Technologies LLC grew its position in shares of Banco Macro by 262.0% in the second quarter. Headlands Technologies LLC now owns 2,483 shares of the bank’s stock valued at $142,000 after purchasing an additional 1,797 shares in the last quarter. Shilanski & Associates Inc. bought a new stake in shares of Banco Macro during the 2nd quarter valued at $244,000. Finally, Beverly Hills Private Wealth LLC lifted its holdings in Banco Macro by 6.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank’s stock worth $316,000 after purchasing an additional 323 shares in the last quarter.
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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