Banco Macro SA (NYSE:BMA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $76.72 and last traded at $76.55, with a volume of 77,961 shares traded. The stock had previously closed at $75.81.

A number of equities analysts have commented on the stock. Santander assumed coverage on shares of Banco Macro SA in a research report on Wednesday, March 23rd. They set a “hold” rating and a $73.00 price objective for the company. Zacks Investment Research downgraded shares of Banco Macro SA from a “buy” rating to a “hold” rating in a research report on Friday, May 27th. Goldman Sachs Group Inc. assumed coverage on shares of Banco Macro SA in a research report on Wednesday, April 27th. They set a “neutral” rating for the company. Citigroup Inc. upgraded shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a research report on Monday, May 23rd. Finally, Credit Suisse Group AG assumed coverage on shares of Banco Macro SA in a research report on Tuesday, March 29th. They set a “neutral” rating and a $71.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $70.25.

The firm has a 50-day moving average price of $70.44 and a 200-day moving average price of $65.20. The company has a market cap of $4.53 billion and a price-to-earnings ratio of 12.57.

A number of institutional investors have added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in 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 during the period. Shell Asset Management Co. acquired a new position in Banco Macro SA during the fourth quarter valued at $1,384,000. GAM Holding AG boosted its position in 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 during the period. Finally, Morgan Stanley boosted its position in 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 during the period.

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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