Banco Macro SA (NYSE:BMA) rose 1.5% during trading on Wednesday . The stock traded as high as $77.90 and last traded at $77.39, with a volume of 52,564 shares changing hands. The stock had previously closed at $76.22.

BMA has been the topic of several recent research reports. Zacks Investment Research lowered shares of Banco Macro SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. JPMorgan Chase & Co. raised shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a report on Friday, June 17th. Credit Suisse Group AG initiated coverage on shares of Banco Macro SA in a report on Tuesday, March 29th. They issued a “neutral” rating and a $71.00 price target on the stock. Citigroup Inc. raised shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a report on Monday, May 23rd. Finally, Goldman Sachs Group Inc. initiated coverage on shares of Banco Macro SA in a report on Wednesday, April 27th. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Banco Macro SA currently has an average rating of “Hold” and an average target price of $70.25.

The stock has a market cap of $4.53 billion and a price-to-earnings ratio of 12.57. The stock has a 50 day moving average of $69.93 and a 200-day moving average of $65.11.

A number of large investors recently made changes to their positions in the company. Shell Asset Management Co. bought a new stake in shares of Banco Macro SA during the fourth quarter valued at approximately $1,384,000. GAM Holding AG raised its stake in shares of Banco Macro SA by 7.9% in the fourth quarter. GAM Holding AG now owns 30,000 shares of the company’s stock valued at $1,743,000 after buying an additional 2,200 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Banco Macro SA by 17.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 33,089 shares of the company’s stock valued at $1,923,000 after buying an additional 4,933 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Banco Macro SA by 20.4% in the fourth quarter. Morgan Stanley now owns 859,880 shares of the company’s stock valued at $49,977,000 after buying an additional 145,784 shares in the last quarter.

Banco Macro SA (the Bank) is a bank. The Bank offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. The Bank offers savings and checking accounts, credit and debit cards, consumer finance loans (including personal loans), mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automatic teller machines (ATMs) and money transfers.

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