William Blair Investment Management LLC Takes Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

William Blair Investment Management LLC purchased a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,020,278 shares of the bank’s stock, valued at approximately $19,446,000. William Blair Investment Management LLC owned approximately 0.50% of Banco BBVA Argentina at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BBAR. PointState Capital LP boosted its position in Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after buying an additional 206,399 shares during the period. Sagil Capital LLP acquired a new stake in Banco BBVA Argentina during the 3rd quarter worth approximately $2,131,000. TT International Asset Management LTD acquired a new stake in Banco BBVA Argentina during the 4th quarter worth approximately $3,261,000. Mirabella Financial Services LLP acquired a new stake in Banco BBVA Argentina during the 3rd quarter worth approximately $1,155,000. Finally, Activest Wealth Management boosted its position in Banco BBVA Argentina by 378.3% during the 4th quarter. Activest Wealth Management now owns 71,740 shares of the bank’s stock worth $1,367,000 after buying an additional 56,740 shares during the period.

Analysts Set New Price Targets

Several research firms recently commented on BBAR. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Monday, December 16th. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

Banco BBVA Argentina Stock Performance

NYSE:BBAR opened at $17.63 on Wednesday. The company has a fifty day moving average of $20.49 and a 200-day moving average of $16.73. The firm has a market capitalization of $3.60 billion, a P/E ratio of 9.18 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a twelve month low of $7.05 and a twelve month 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.