Banco BBVA Argentina S.A. (NYSE:BBAR) Shares Bought by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) by 38.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,488 shares of the bank’s stock after purchasing an additional 685 shares during the period. Blue Trust Inc.’s holdings in Banco BBVA Argentina were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BBAR. GAMMA Investing LLC boosted its holdings 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 in the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of Banco BBVA Argentina during the 4th quarter worth approximately $236,000. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $136,000. Point72 Asset Management L.P. grew its holdings in shares of Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after acquiring an additional 18,200 shares during the period. Finally, ABS Direct Equity Fund LLC purchased a new position in Banco BBVA Argentina in the 4th quarter valued at approximately $408,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BBAR. Morgan Stanley upgraded 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 lowered 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 Up 0.2 %

Shares of BBAR opened at $18.97 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. Banco BBVA Argentina S.A. has a 1-year low of $6.04 and a 1-year high of $25.01. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 9.88 and a beta of 1.41. The firm has a 50 day simple moving average of $20.94 and a 200-day simple moving average of $15.85.

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.