Ping Capital Management Inc. Sells 262,200 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

Ping Capital Management Inc. reduced its stake in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,121,400 shares of the bank's stock after selling 262,200 shares during the quarter. Banco BBVA Argentina makes up approximately 5.2% of Ping Capital Management Inc.'s investment portfolio, making the stock its 5th biggest position. Ping Capital Management Inc. owned approximately 0.55% of Banco BBVA Argentina worth $21,374,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. grew its position in Banco BBVA Argentina by 91.2% in the fourth quarter. Blue Trust Inc. now owns 3,448 shares of the bank's stock worth $66,000 after acquiring an additional 1,645 shares in the last quarter. GAMMA Investing LLC grew its position in Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock worth $79,000 after acquiring an additional 2,307 shares in the last quarter. XTX Topco Ltd purchased a new position in Banco BBVA Argentina in the third quarter worth about $136,000. Truist Financial Corp purchased a new position in Banco BBVA Argentina in the second quarter worth about $167,000. Finally, Clear Creek Financial Management LLC purchased a new position in Banco BBVA Argentina in the fourth quarter worth about $236,000.

Banco BBVA Argentina Stock Down 1.3 %

NYSE:BBAR traded down $0.27 during midday trading on Wednesday, hitting $20.94. 460,931 shares of the company were exchanged, compared to its average volume of 1,028,058. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.28 billion, a PE ratio of 10.91 and a beta of 1.41. Banco BBVA Argentina S.A. has a fifty-two week low of $5.01 and a fifty-two week high of $25.01. The company has a fifty day simple moving average of $20.06 and a 200 day simple moving average of $14.62.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last released its quarterly earnings data on Wednesday, November 20th. The bank reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter in the prior year, the company earned $0.15 EPS. As a group, equities analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.