Glenorchy Capital Ltd Has $3.48 Million Stock Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Glenorchy Capital Ltd decreased its stake in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,855 shares of the bank's stock after selling 47,868 shares during the quarter. Banco BBVA Argentina makes up about 1.1% of Glenorchy Capital Ltd's investment portfolio, making the stock its 11th largest position. Glenorchy Capital Ltd owned 0.16% of Banco BBVA Argentina worth $3,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. Fourth Sail Capital LP acquired a new position in Banco BBVA Argentina in the first quarter valued at about $11,467,000. Quantbot Technologies LP grew its position in Banco BBVA Argentina by 239.7% during the 1st quarter. Quantbot Technologies LP now owns 27,918 shares of the bank's stock worth $237,000 after acquiring an additional 19,700 shares during the last quarter. Rokos Capital Management LLP acquired a new stake in Banco BBVA Argentina during the 1st quarter valued at $501,000. Virtu Financial LLC bought a new position in Banco BBVA Argentina in the 1st quarter valued at $413,000. Finally, Ping Capital Management Inc. acquired a new position in Banco BBVA Argentina in the second quarter worth $11,293,000.

Banco BBVA Argentina Price Performance

Shares of BBAR stock traded up $0.24 during trading hours on Friday, reaching $11.56. 342,079 shares of the company were exchanged, compared to its average volume of 882,152. Banco BBVA Argentina S.A. has a fifty-two week low of $3.78 and a fifty-two week high of $12.73. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.91 and a quick ratio of 0.82. The stock's fifty day moving average is $10.83 and its two-hundred day moving average is $10.00. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 7.32 and a beta of 1.50.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.35. The firm had revenue of $892.11 million for the quarter, compared to the consensus estimate of $599.49 million. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. Sell-side analysts forecast that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently declared a -- dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were issued a $0.5134 dividend. This is a boost from Banco BBVA Argentina's previous -- dividend of $0.11. The ex-dividend date of this dividend was Friday, August 2nd. Banco BBVA Argentina's dividend payout ratio (DPR) is currently 90.51%.

Analysts Set New Price Targets

Separately, StockNews.com raised Banco BBVA Argentina from a "hold" rating to a "buy" rating in a report on Monday, September 2nd.

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.