Arrowstreet Capital Limited Partnership Decreases Stake in Banco BBVA Argentina S.A. (NYSE:BBAR)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,114,182 shares of the bank's stock after selling 239,162 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.55% of Banco BBVA Argentina worth $21,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. lifted its position in Banco BBVA Argentina by 38.0% during the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after purchasing an additional 685 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock valued at $79,000 after buying an additional 2,307 shares in the last quarter. HUB Investment Partners LLC grew its stake in shares of Banco BBVA Argentina by 42.6% during the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after acquiring an additional 4,574 shares during the period. Clear Creek Financial Management LLC purchased a new stake in Banco BBVA Argentina in the 4th quarter worth approximately $236,000. Finally, XTX Topco Ltd bought a new stake in Banco BBVA Argentina during the 3rd quarter worth approximately $136,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BBAR. StockNews.com cut shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley upgraded Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price objective on the stock in a research report on Monday, December 16th.

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Banco BBVA Argentina Price Performance

BBAR traded up $0.05 during trading on Tuesday, reaching $14.99. 1,180,080 shares of the company traded hands, compared to its average volume of 823,998. Banco BBVA Argentina S.A. has a 12-month low of $7.05 and a 12-month high of $25.01. The firm has a fifty day simple moving average of $19.01 and a 200 day simple moving average of $17.44. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $3.06 billion, a P/E ratio of 7.81 and a beta of 1.20.

Banco BBVA Argentina Company Profile

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.