Amundi Takes $396,000 Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Amundi bought a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,781 shares of the bank’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TT International Asset Management LTD bought a new stake in shares of Banco BBVA Argentina in the 4th quarter worth $3,261,000. Clear Creek Financial Management LLC bought a new stake in shares of Banco BBVA Argentina in the 4th quarter worth $236,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of Banco BBVA Argentina in the fourth quarter worth $743,000. ABS Direct Equity Fund LLC bought a new stake in shares of Banco BBVA Argentina in the fourth quarter worth $408,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Banco BBVA Argentina in the third quarter worth $237,000.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

Banco BBVA Argentina Price Performance

NYSE BBAR opened at $18.42 on Friday. The company has a market capitalization of $3.76 billion, a PE ratio of 9.59 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. The business’s fifty day moving average is $20.34 and its 200 day moving average is $16.76. Banco BBVA Argentina S.A. has a fifty-two week low of $7.05 and a fifty-two week high of $25.01.

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.