Redhawk Wealth Advisors Inc. bought a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,008 shares of the bank's stock, valued at approximately $743,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock valued at $79,000 after acquiring an additional 2,307 shares during the last quarter. XTX Topco Ltd purchased a new stake in Banco BBVA Argentina in the third quarter valued at $136,000. Truist Financial Corp purchased a new position in shares of Banco BBVA Argentina during the 2nd quarter worth $167,000. GSA Capital Partners LLP purchased a new position in shares of Banco BBVA Argentina during the 3rd quarter worth $237,000. Finally, SG Americas Securities LLC purchased a new stake in Banco BBVA Argentina in the 3rd quarter valued at about $246,000.
Banco BBVA Argentina Trading Down 4.0 %
BBAR traded down $0.92 during mid-day trading on Friday, hitting $21.81. 872,358 shares of the stock were exchanged, compared to its average volume of 1,284,249. The firm's fifty day moving average is $18.57 and its two-hundred day moving average is $13.35. Banco BBVA Argentina S.A. has a 1-year low of $4.82 and a 1-year high of $25.01. The company has a market cap of $4.45 billion, a PE ratio of 11.39 and a beta of 1.42. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.
Analysts Set New Price Targets
BBAR has been the subject of several research analyst reports. StockNews.com lowered shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price objective for the company in a research report on Monday, December 16th.
Check Out Our Latest Stock Analysis on Banco BBVA Argentina
Banco BBVA Argentina Company Profile
(
Free Report)
Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.
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