SG Americas Securities LLC Sells 18,127 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

SG Americas Securities LLC decreased its stake in Banco BBVA Argentina S.A. (NYSE:BBAR) by 76.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,629 shares of the bank’s stock after selling 18,127 shares during the quarter. SG Americas Securities LLC’s holdings in Banco BBVA Argentina were worth $107,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Banco BBVA Argentina by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after buying an additional 2,307 shares during the period. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth about $136,000. Truist Financial Corp purchased a new position in shares of Banco BBVA Argentina during the 2nd quarter worth about $167,000. GSA Capital Partners LLP purchased a new stake in Banco BBVA Argentina in the 3rd quarter worth about $237,000. Finally, Channing Global Advisors LLC purchased a new stake in Banco BBVA Argentina in the 3rd quarter worth about $247,000.

Analyst Ratings Changes

Several brokerages have issued reports on BBAR. StockNews.com lowered 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 objective on the stock in a research report on Monday, December 16th.

Banco BBVA Argentina Trading Up 1.4 %

BBAR stock opened at $19.42 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $3.97 billion, a PE ratio of 10.11 and a beta of 1.41. The firm’s 50-day moving average is $20.53 and its 200 day moving average is $15.07. Banco BBVA Argentina S.A. has a 12 month low of $5.24 and a 12 month high of $25.01.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. During the same period last year, the business earned $0.15 earnings per share. On average, research analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Banco BBVA Argentina 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.