Macro Bank Inc. (NYSE:BMA) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $113.70.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Macro Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine cut Macro Bank from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Goldman Sachs Group, Inc. (The) cut Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price objective on the stock. in a research note on Monday, September 11th. Santander cut Macro Bank from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Finally, BidaskClub upgraded Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th.

Shares of Macro Bank (NYSE:BMA) opened at $118.35 on Friday. Macro Bank has a 52 week low of $61.12 and a 52 week high of $136.10. The stock has a market capitalization of $7,960.00, a PE ratio of 15.97, a P/E/G ratio of 2.89 and a beta of 1.33. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.19.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Global X MANAGEMENT CO LLC increased its position in shares of Macro Bank by 27.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 139,584 shares of the bank’s stock valued at $16,380,000 after buying an additional 29,637 shares during the period. American Century Companies Inc. increased its position in shares of Macro Bank by 78.2% during the third quarter. American Century Companies Inc. now owns 203,692 shares of the bank’s stock valued at $23,903,000 after buying an additional 89,396 shares during the period. Dupont Capital Management Corp increased its position in shares of Macro Bank by 42.1% during the third quarter. Dupont Capital Management Corp now owns 91,757 shares of the bank’s stock valued at $10,768,000 after buying an additional 27,190 shares during the period. Fisher Asset Management LLC increased its position in shares of Macro Bank by 13.3% during the third quarter. Fisher Asset Management LLC now owns 9,679 shares of the bank’s stock valued at $1,136,000 after buying an additional 1,137 shares during the period. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of Macro Bank during the third quarter valued at about $228,000. Hedge funds and other institutional investors own 27.99% of the company’s stock.

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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