Banco Macro
About: Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.
Employees: 7,756
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]
54% more capital invested
Capital invested by funds: $198M [Q1] → $305M (+$107M) [Q2]
47% more call options, than puts
Call options by funds: $19.8M | Put options by funds: $13.5M
25% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 24
8% more funds holding
Funds holding: 75 [Q1] → 81 (+6) [Q2]
0.18% more ownership
Funds ownership: 0.66% [Q1] → 0.85% (+0.18%) [Q2]
15% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 26
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Domingos Falavina 25% 1-year accuracy 1 / 4 met price target | 4%upside $78 | Neutral Upgraded | 30 Aug 2024 |
B of A Securities Ernesto Gabilondo 100% 1-year accuracy 1 / 1 met price target | 17%downside $62 | Neutral Upgraded | 8 Aug 2024 |