JPMorgan Chase & Co. Has $18.09 Million Holdings in Macro Bank Inc. (BMA)
JPMorgan Chase & Co. raised its stake in shares of Macro Bank Inc. (NYSE:BMA) by 179,890.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,190 shares of the bank’s stock after acquiring an additional 196,081 shares during the period. JPMorgan Chase & Co.’s holdings in Macro Bank were worth $18,086,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Rational Advisors LLC raised its stake in Macro Bank by 64.3% during the 2nd quarter. Rational Advisors LLC now owns 2,300 shares of the bank’s stock valued at $212,000 after acquiring an additional 900 shares during the last quarter. Bailard Inc. purchased a new stake in Macro Bank during the 1st quarter valued at approximately $220,000. Bank of New York Mellon Corp purchased a new stake in Macro Bank during the 1st quarter valued at approximately $269,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Macro Bank during the 1st quarter valued at approximately $269,000. Finally, Pacad Investment Ltd. raised its stake in Macro Bank by 68.4% during the 2nd quarter. Pacad Investment Ltd. now owns 3,200 shares of the bank’s stock valued at $295,000 after acquiring an additional 1,300 shares during the last quarter. 31.55% of the stock is owned by hedge funds and other institutional investors.
Macro Bank Inc. (NYSE:BMA) opened at 113.96 on Friday. Macro Bank Inc. has a 52 week low of $61.12 and a 52 week high of $114.33. The stock has a market capitalization of $7.50 billion, a P/E ratio of 18.20 and a beta of 1.37. The stock’s 50 day moving average price is $98.40 and its 200-day moving average price is $90.15.
Several analysts have commented on the company. Goldman Sachs Group, Inc. (The) downgraded Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price objective for the company. in a research note on Monday, September 11th. Santander downgraded Macro Bank from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Zacks Investment Research raised Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research note on Tuesday, September 5th. ValuEngine raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Macro Bank currently has a consensus rating of “Buy” and a consensus price target of $116.35.
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About Macro Bank
Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.
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