PointState Capital LP raised its stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,458,304 shares of the bank's stock after buying an additional 793,411 shares during the quarter. Banco BBVA Argentina comprises about 0.9% of PointState Capital LP's investment portfolio, making the stock its 26th biggest position. PointState Capital LP owned about 1.20% of Banco BBVA Argentina worth $46,855,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Clear Creek Financial Management LLC purchased a new position in shares of Banco BBVA Argentina in the 4th quarter worth $236,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Banco BBVA Argentina during the fourth quarter worth about $743,000. ABS Direct Equity Fund LLC purchased a new stake in shares of Banco BBVA Argentina during the fourth quarter worth about $408,000. Activest Wealth Management increased its position in shares of Banco BBVA Argentina by 378.3% during the fourth quarter. Activest Wealth Management now owns 71,740 shares of the bank's stock worth $1,367,000 after acquiring an additional 56,740 shares during the last quarter. Finally, Channing Global Advisors LLC increased its position in shares of Banco BBVA Argentina by 139.3% during the fourth quarter. Channing Global Advisors LLC now owns 57,043 shares of the bank's stock worth $1,087,000 after acquiring an additional 33,207 shares during the last quarter.
Analyst Upgrades and Downgrades
Separately, Itau BBA Securities began coverage on Banco BBVA Argentina in a research report on Tuesday. They set a "market perform" rating and a $18.00 price target on the stock.
Check Out Our Latest Stock Report on BBAR
Banco BBVA Argentina Stock Performance
Shares of NYSE:BBAR traded down $0.05 during trading on Tuesday, hitting $22.31. 277,048 shares of the company traded hands, compared to its average volume of 763,508. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 11.60 and a beta of 1.35. The business's fifty day moving average is $19.24 and its 200-day moving average is $19.17. Banco BBVA Argentina S.A. has a one year low of $7.05 and a one year high of $25.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.
About Banco BBVA Argentina
(
Free Report)
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.
Recommended Stories
Before you consider Banco BBVA Argentina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco BBVA Argentina wasn't on the list.
While Banco BBVA Argentina currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
