Banco Macro SA (NYSE:BMA) traded down 1.5% during trading on Wednesday . The stock traded as low as $77.52 and last traded at $77.80, with a volume of 56,932 shares trading hands. The stock had previously closed at $79.01.

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Banco Macro SA from a “neutral” rating to an “overweight” rating in a research report on Friday, June 17th. 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. Citigroup Inc. upgraded shares of Banco Macro SA from a “sell” rating to a “neutral” rating in a research report on Monday, May 23rd. 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, 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 price target for the company. 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 a consensus rating of “Hold” and an average price target of $70.25.

The company has a market cap of $4.52 billion and a PE ratio of 12.42. The firm’s 50-day moving average is $72.69 and its 200-day moving average is $65.92.

A number of institutional investors have recently added to or reduced their stakes in BMA. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, Shell Asset Management Co. purchased a new position in Banco Macro SA during the fourth quarter valued at $1,384,000.

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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