Macro Bank Inc. (NYSE:BMA) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Monday.

BMA has been the topic of several other research reports. Credit Suisse Group raised Macro Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) downgraded Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price for the company. in a research report on Monday, September 11th. Zacks Investment Research raised Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Tuesday, September 5th. Santander lowered Macro Bank from a “hold” rating to an “underperform” rating in a research note 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $116.35.

Macro Bank (NYSE:BMA) opened at 122.51 on Monday. Macro Bank has a 12 month low of $61.12 and a 12 month high of $122.88. The stock has a market cap of $8.07 billion, a PE ratio of 19.60 and a beta of 1.36. The stock has a 50 day moving average price of $105.68 and a 200-day moving average price of $92.38.

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Several large investors have recently bought and sold shares of the company. Carmignac Gestion grew its stake in shares of Macro Bank by 540.5% in the 2nd quarter. Carmignac Gestion now owns 1,746,620 shares of the bank’s stock worth $161,021,000 after purchasing an additional 1,473,904 shares during the last quarter. PointState Capital LP raised its holdings in shares of Macro Bank by 179.4% in the 2nd quarter. PointState Capital LP now owns 1,717,800 shares of the bank’s stock worth $158,364,000 after purchasing an additional 1,102,900 shares in the last quarter. Genesis Asset Managers LLP raised its holdings in shares of Macro Bank by 13.4% in the 2nd quarter. Genesis Asset Managers LLP now owns 1,155,491 shares of the bank’s stock worth $106,525,000 after purchasing an additional 136,358 shares in the last quarter. Third Point LLC bought a new stake in shares of Macro Bank in the 2nd quarter worth approximately $82,971,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Macro Bank by 127.0% in the 2nd quarter. Alliancebernstein L.P. now owns 522,292 shares of the bank’s stock worth $48,150,000 after purchasing an additional 292,249 shares in the last quarter. Institutional investors own 28.00% of the company’s stock.

Macro Bank Company Profile

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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