Stifel Financial Corp Has $753,000 Holdings in Banco Macro S.A. (NYSE:BMA)

Stifel Financial Corp decreased its position in Banco Macro S.A. (NYSE:BMA) by 6.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,860 shares of the bank’s stock after selling 816 shares during the period. Stifel Financial Corp’s holdings in Banco Macro were worth $753,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BMA. Blue Trust Inc. grew its stake 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 purchasing an additional 387 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Banco Macro during the 2nd quarter worth approximately $51,000. Headlands Technologies LLC increased its stake in shares of Banco Macro by 262.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank’s stock valued at $142,000 after acquiring an additional 1,797 shares in the last quarter. Beverly Hills Private Wealth LLC increased its stake 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 valued at $316,000 after acquiring an additional 323 shares in the last quarter. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Banco Macro during the 2nd quarter valued at $362,000.

Wall Street Analysts Forecast Growth

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

Banco Macro Trading Up 2.4 %

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

Banco Macro Profile

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.