Stifel Financial Corp Sells 816 Shares of Banco Macro S.A. (NYSE:BMA)

Stifel Financial Corp cut its position in shares of Banco Macro S.A. (NYSE:BMA) by 6.4% during the 3rd quarter, Holdings Channel reports. The firm owned 11,860 shares of the bank’s stock after selling 816 shares during the quarter. Stifel Financial Corp’s holdings in Banco Macro were worth $753,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Banco Macro by 118.3% during the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after acquiring an additional 387 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Banco Macro during the 2nd quarter valued at $51,000. Headlands Technologies LLC raised its stake in shares of Banco Macro by 262.0% during the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank’s stock worth $142,000 after purchasing an additional 1,797 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in shares of Banco Macro by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank’s stock worth $316,000 after buying an additional 323 shares during the last quarter. Finally, Atlas Capital Advisors LLC bought a new position in Banco Macro during the second quarter valued at about $362,000.

Analyst Upgrades and Downgrades

Several analysts have commented on BMA shares. Morgan Stanley upgraded shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. raised shares of Banco Macro from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $14.00 to $78.00 in a report on Friday, August 30th. Finally, StockNews.com lowered Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

Banco Macro Price Performance

BMA opened at $100.04 on Wednesday. The firm has a 50-day moving average price of $82.72 and a 200-day moving average price of $67.51. Banco Macro S.A. has a twelve month low of $24.41 and a twelve month high of $109.36. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 8.77 and a beta of 1.76.

About Banco Macro

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.