Millennium Management LLC Buys 457,663 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

Millennium Management LLC boosted its stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 695.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 523,438 shares of the bank's stock after buying an additional 457,663 shares during the period. Millennium Management LLC owned about 0.26% of Banco BBVA Argentina worth $9,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after acquiring an additional 685 shares in the last quarter. XTX Topco Ltd grew its stake in Banco BBVA Argentina by 25.7% during the 4th quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after acquiring an additional 3,378 shares in the last quarter. HUB Investment Partners LLC grew its stake in Banco BBVA Argentina by 42.6% during the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after acquiring an additional 4,574 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in Banco BBVA Argentina during the 4th quarter valued at about $236,000. Finally, NewEdge Advisors LLC grew its stake in Banco BBVA Argentina by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock valued at $281,000 after acquiring an additional 13,729 shares in the last quarter.

Analysts Set New Price Targets

Separately, Itau BBA Securities began coverage on Banco BBVA Argentina in a research note on Tuesday, May 20th. They set a "market perform" rating and a $18.00 target price on the stock.

Banco BBVA Argentina Stock Down 2.7%

Shares of NYSE BBAR traded down $0.58 during trading hours on Tuesday, hitting $21.07. The stock had a trading volume of 658,980 shares, compared to its average volume of 753,794. The company has a market capitalization of $4.30 billion, a P/E ratio of 10.97 and a beta of 1.35. The firm's 50-day moving average price is $19.57 and its two-hundred day moving average price is $19.41. Banco BBVA Argentina S.A. has a 52 week low of $7.05 and a 52 week high of $25.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The business had revenue of $667.94 million during the quarter, compared to analysts' expectations of $751.69 billion. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. Analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 EPS for the current fiscal 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.