Investors Buy High Volume of Call Options on Banco BBVA Argentina (NYSE:BBAR)

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) was the target of unusually large options trading activity on Monday. Stock traders purchased 14,534 call options on the stock. This is an increase of 1,681% compared to the typical daily volume of 816 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in Banco BBVA Argentina during the fourth quarter valued at approximately $1,742,000. Point72 Asset Management L.P. lifted its position in Banco BBVA Argentina by 42.6% during the fourth quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank's stock valued at $1,174,000 after buying an additional 18,400 shares in the last quarter. PointState Capital LP lifted its position in Banco BBVA Argentina by 47.7% during the fourth quarter. PointState Capital LP now owns 2,458,304 shares of the bank's stock valued at $46,855,000 after buying an additional 793,411 shares in the last quarter. Millennium Management LLC lifted its position in Banco BBVA Argentina by 695.8% during the fourth quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock valued at $9,977,000 after buying an additional 457,663 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Banco BBVA Argentina by 93.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after buying an additional 836,688 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on BBAR. Morgan Stanley raised shares of Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 target price on the stock in a research report on Monday, December 16th. StockNews.com cut shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Trading Down 5.3 %

BBAR stock traded down $1.01 during midday trading on Thursday, reaching $18.01. 696,802 shares of the company's stock traded hands, compared to its average volume of 933,455. The company has a market capitalization of $3.68 billion, a P/E ratio of 9.38 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. Banco BBVA Argentina has a fifty-two week low of $6.04 and a fifty-two week high of $25.01. The business has a 50-day moving average price of $20.97 and a two-hundred day moving average price of $15.87.

About Banco BBVA Argentina

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.