Jane Street Group LLC Acquires Shares of 6,636 Banco Macro S.A. (NYSE:BMA)

Jane Street Group LLC bought a new position in Banco Macro S.A. (NYSE:BMA) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,636 shares of the bank’s stock, valued at approximately $421,000.

Other institutional investors also recently modified their holdings of the company. Quadrature Capital Ltd bought a new stake in Banco Macro in the third quarter worth $971,000. Point72 Asset Management L.P. purchased a new position in shares of Banco Macro in the 3rd quarter worth about $826,000. Verition Fund Management LLC bought a new position in Banco Macro in the 3rd quarter worth about $800,000. Freedom Investment Management Inc. purchased a new stake in Banco Macro during the 3rd quarter valued at about $573,000. Finally, BNP Paribas Financial Markets increased its stake in Banco Macro by 351.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock valued at $3,259,000 after purchasing an additional 39,947 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. 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. StockNews.com cut Banco Macro from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th.

Banco Macro Price Performance

BMA opened at $115.69 on Wednesday. The company’s 50-day simple moving average is $88.43 and its two-hundred day simple moving average is $70.47. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The stock has a market capitalization of $7.39 billion, a P/E ratio of 10.14 and a beta of 1.68. Banco Macro S.A. has a 52-week low of $24.41 and a 52-week high of $118.42.

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.