William Blair Investment Management LLC bought a new position in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,020,278 shares of the bank's stock, valued at approximately $19,446,000. William Blair Investment Management LLC owned 0.50% of Banco BBVA Argentina as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after buying an additional 685 shares in the last quarter. GAMMA Investing LLC grew 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 worth $79,000 after buying an additional 2,307 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in shares of Banco BBVA Argentina during the 4th quarter worth $236,000. XTX Topco Ltd bought a new position in shares of Banco BBVA Argentina during the 3rd quarter worth $136,000. Finally, Amundi bought a new position in shares of Banco BBVA Argentina during the 4th quarter worth $396,000.
Banco BBVA Argentina Stock Up 3.7 %
BBAR stock traded up $0.67 during trading on Friday, reaching $19.10. 323,046 shares of the company traded hands, compared to its average volume of 832,988. Banco BBVA Argentina S.A. has a 12 month low of $7.05 and a 12 month high of $25.01. The business has a 50 day simple moving average of $20.25 and a 200 day simple moving average of $16.82. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 9.95 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BBAR. StockNews.com downgraded Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report 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.
View Our Latest Stock Report on Banco BBVA Argentina
About Banco BBVA Argentina
(
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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