A research report that was published on Saturday indicated that the “buy” recommendation that had been assigned to Banco BBVA Argentina (NYSE: BBAR) had been changed to a “hold” rating by the investment analysts working for StockNews.com.
The report indicated that this change was made in response to recent company performance developments.
On Friday, the BBAR stock was introduced to the market for $3.90 per share.
The debt-to-equity ratio comes in at 0.05, the quick ratio comes in at 0.72, the current ratio comes in at 0.77, and the quick ratio comes in at 0.72.
The company’s moving average price over the past 50 days is $4.63, and its moving average price over the past 200 days is $3.66.
During the most recent 52 weeks, the price of Banco BBVA Argentina fell to its lowest point of $2.03, while it reached its highest point of $5.29.
The price-to-earnings ratio for the company is 2.23, and its beta value is 1.15.
The company currently has a market capitalization of 796.54 million dollars.
In recent weeks, a number of hedge funds and institutional investors have made adjustments to the positions in the BBAR that they had previously held.
Envestnet Asset Management INC increased the amount of Bank BBVA Argentina stock owned by 24.4% during the first three months of the year. Following the acquisition of an additional 18,284 shares during the most recent quarter, Envestnet Asset Management INC now holds 331,000 shares of the bank’s stock, worth $331,000.
The company’s total market value is increased by $331,000 due to the value of these 93,266 shares. Over the first three months of the year, JPMorgan Chase & Co increased the percentage of Banco BBVA Argentina stock owned by 53,648.5%. JPMorgan Chase & Co increased its holdings in the bank’s stock by purchasing an additional 17,704 shares during the most recent quarter, bringing the total number of shares it owns to 17,737, with a value of $63,000.
This brought the total number of shares it owns in the bank to 17,737, bringing the total value of its holdings to $63,000.
The percentage of Banco BBVA Argentina stock that Arrowstreet Capital Limited Partnership owned increased by 32.9% over the first three months of 2018.
After making additional purchases totaling 173,057 shares over the preceding three months, Arrowstreet Capital Limited Partnership now holds 698,352 shares of the bank’s stock, which is $2,479,000.
These shares were acquired to bring the total number of shares owned by the partnership up to 698,352.
A fresh investment of $976,000.00 in Banco BBVA Argentina by Verition Fund Management LLC during the first three months of 2018.
And finally, during the first three months of this year, Renaissance Technologies LLC increased its stock holdings in Banco BBVA Argentina by 233.5%.
This was accomplished by purchasing additional shares.
The most recent quarter saw Renaissance Technologies LLC acquire an additional 222,368 shares of the bank’s stock, bringing their total holdings to 317,588, currently valued at $1,128,000.
Institutional investors and hedge funds currently control the company’s common stock to the extent of 1.75 percent.
Banco BBVA Argentina SA is a company that serves the Argentine market by providing a broad range of banking and financial products and services.
It operates in three different business segments, namely the retail banking market, the small and medium-sized enterprise market, and the corporate and investment banking market (CIB). Retail banking encompasses various financial products and services, including but not limited to checking and savings accounts, time deposits, credit cards, personal and auto loans, mortgages, insurance, and investment goods.