StockNews.com upgraded shares of Banco Macro (NYSE:BMA – Get Rating) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Separately, TheStreet upgraded Banco Macro from a c rating to a b- rating in a research report on Friday, September 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of Hold and an average price target of $17.70.

Banco Macro Trading Up 3.2 %

BMA opened at $13.68 on Friday. The firm has a market cap of $874.71 million, a P/E ratio of 3.47 and a beta of 1.25. Banco Macro has a 12 month low of $9.72 and a 12 month high of $18.05. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average of $14.52 and a 200 day moving average of $13.87.

Banco Macro Cuts Dividend

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Atlas Capital Advisors LLC purchased a new stake in shares of Banco Macro in the third quarter valued at approximately $27,000. UBS Group AG boosted its holdings in shares of Banco Macro by 980.3% in the third quarter. UBS Group AG now owns 3,889 shares of the bank's stock valued at $56,000 after purchasing an additional 3,529 shares during the period. Activest Wealth Management purchased a new stake in shares of Banco Macro in the third quarter valued at approximately $69,000. KBC Group NV purchased a new stake in shares of Banco Macro in the first quarter valued at approximately $75,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Banco Macro by 456.9% in the first quarter. JPMorgan Chase & Co. now owns 6,298 shares of the bank's stock valued at $109,000 after purchasing an additional 5,167 shares during the period. Hedge funds and other institutional investors own 5.52% of the company's stock.

About Banco Macro

(Get Rating)

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 (ATMs), and money transfers.

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