PointState Capital LP Purchases 793,411 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

PointState Capital LP boosted its stake in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 47.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,458,304 shares of the bank's stock after acquiring an additional 793,411 shares during the period. Banco BBVA Argentina accounts for 0.9% of PointState Capital LP's investment portfolio, making the stock its 26th largest holding. PointState Capital LP owned about 1.20% of Banco BBVA Argentina worth $46,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in BBAR. William Blair Investment Management LLC bought a new position in shares of Banco BBVA Argentina during the 4th quarter worth approximately $19,446,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Banco BBVA Argentina by 93.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after purchasing an additional 836,688 shares during the period. Brevan Howard Capital Management LP bought a new position in Banco BBVA Argentina in the 4th quarter valued at $11,050,000. Millennium Management LLC grew its stake in Banco BBVA Argentina by 695.8% in the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock valued at $9,977,000 after purchasing an additional 457,663 shares during the period. Finally, Gemsstock Ltd. bought a new position in Banco BBVA Argentina in the 4th quarter valued at $2,831,000.

Banco BBVA Argentina Stock Up 0.8%

BBAR stock opened at $22.11 on Thursday. Banco BBVA Argentina S.A. has a fifty-two week low of $7.05 and a fifty-two week high of $25.01. The stock has a fifty day moving average of $19.00 and a 200-day moving average of $18.93. 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 company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 11.52 and a beta of 1.35.

About Banco BBVA Argentina

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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