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

A number of equities research analysts have commented on the stock. Zacks Investment Research downgraded shares of Banco Macro SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Credit Suisse Group AG assumed coverage on shares of Banco Macro SA in a research report on Tuesday, March 29th. They issued a “neutral” rating and a $71.00 target price for the company. Santander assumed coverage on shares of Banco Macro SA in a research report on Wednesday, March 23rd. They issued a “hold” rating and a $73.00 target price for the company. Goldman Sachs Group Inc. assumed coverage on shares of Banco Macro SA in a research report on Wednesday, April 27th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a research report on Friday, June 17th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.25.

The firm has a market capitalization of $4.68 billion and a PE ratio of 12.97. The stock’s 50 day moving average price is $71.01 and its 200 day moving average price is $65.30.

Several institutional investors have added to or reduced their stakes in BMA. Morgan Stanley increased 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 worth $49,977,000 after buying an additional 145,784 shares in the last quarter. GAM Holding AG increased 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 worth $1,743,000 after buying an additional 2,200 shares in the last quarter. Shell Asset Management Co. acquired a new position in Banco Macro SA during the fourth quarter worth about $1,384,000. Finally, PNC Financial Services Group Inc. increased 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 worth $1,923,000 after buying an additional 4,933 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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