Quadrature Capital Ltd acquired a new position in Banco Macro S.A. (NYSE:BMA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,280 shares of the bank's stock, valued at approximately $971,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Shilanski & Associates Inc. purchased a new position in shares of Banco Macro during the second quarter worth $244,000. Atlas Capital Advisors LLC purchased a new position in Banco Macro during the 2nd quarter valued at about $362,000. Candriam S.C.A. acquired a new position in Banco Macro in the 2nd quarter valued at about $43,236,000. Acadian Asset Management LLC purchased a new stake in Banco Macro during the second quarter worth about $1,466,000. Finally, LSV Asset Management lifted its position in shares of Banco Macro by 23.1% during the second quarter. LSV Asset Management now owns 78,804 shares of the bank's stock worth $4,518,000 after purchasing an additional 14,804 shares in the last quarter.
Shares of Banco Macro stock opened at $86.62 on Friday. The business has a 50-day simple moving average of $76.98 and a 200-day simple moving average of $64.85. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. Banco Macro S.A. has a one year low of $24.41 and a one year high of $89.45. The company has a market cap of $5.54 billion, a PE ratio of 7.59 and a beta of 1.75.
BMA has been the topic of several recent research reports. StockNews.com downgraded shares of Banco Macro from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised Banco Macro from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $14.00 to $78.00 in a research report on Friday, August 30th.
Check Out Our Latest Report on BMA
Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.
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