Harding Loevner LP raised its position in shares of Banco Macro SA (NYSE:BMA) by 14.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,695 shares of the company’s stock after buying an additional 14,655 shares during the period. Harding Loevner LP owned about 0.20% of Banco Macro SA worth $9,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BMA. FMR LLC increased its position in shares of Banco Macro SA by 34.2% in the second quarter. FMR LLC now owns 501,826 shares of the company’s stock worth $37,246,000 after buying an additional 127,980 shares in the last quarter. Hermes Investment Management Ltd. increased its position in shares of Banco Macro SA by 46.1% in the second quarter. Hermes Investment Management Ltd. now owns 422,719 shares of the company’s stock worth $31,374,000 after buying an additional 133,299 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp increased its position in shares of Banco Macro SA by 7.2% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 292,865 shares of the company’s stock worth $21,736,000 after buying an additional 19,547 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Banco Macro SA by 4.4% in the first quarter. Wellington Management Group LLP now owns 280,964 shares of the company’s stock worth $18,113,000 after buying an additional 11,860 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in shares of Banco Macro SA during the second quarter worth $17,170,000. Institutional investors and hedge funds own 20.44% of the company’s stock.

Institutional Ownership by Quarter for Banco Macro SA (NYSE:BMA)

Shares of Banco Macro SA (NYSE:BMA) traded up 2.32% on Monday, reaching $72.22. The company’s stock had a trading volume of 58,704 shares. Banco Macro SA has a 52-week low of $51.60 and a 52-week high of $83.18. The company has a market cap of $4.22 billion, a P/E ratio of 9.32 and a beta of 1.66. The company has a 50 day moving average price of $75.95 and a 200 day moving average price of $73.35.

A number of research analysts have recently weighed in on BMA shares. Zacks Investment Research upgraded Banco Macro SA from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Thursday. Goldman Sachs Group Inc. upgraded Banco Macro SA from a “neutral” rating to a “buy” rating and lifted their price target for the company from $83.90 to $86.50 in a report on Monday, September 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $75.90.

About Banco Macro SA

Banco Macro SA 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 Limited, Macro Securities SA, Macro Fiducia SA and Macro Fondos S.G.F.C.I.

5 Day Chart for NYSE:BMA

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