148,516 Shares in Banco BBVA Argentina S.A. (NYSE:BBAR) Bought by Gemsstock Ltd.

Gemsstock Ltd. purchased a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 148,516 shares of the bank’s stock, valued at approximately $2,831,000. Banco BBVA Argentina accounts for about 0.6% of Gemsstock Ltd.’s investment portfolio, making the stock its 16th largest position. Gemsstock Ltd. owned approximately 0.07% of Banco BBVA Argentina as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Benjamin Edwards Inc. bought a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $293,000. Point72 Asset Management L.P. lifted its position in shares of Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after acquiring an additional 18,200 shares during the period. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $136,000. Virtu Financial LLC bought a new stake in shares of Banco BBVA Argentina during the third quarter valued at approximately $506,000. Finally, GAMMA Investing LLC boosted its stake in Banco BBVA Argentina by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after buying an additional 2,307 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Trading Down 11.3 %

Shares of Banco BBVA Argentina stock opened at $15.85 on Friday. Banco BBVA Argentina S.A. has a 12-month low of $7.05 and a 12-month high of $25.01. The stock has a market capitalization of $3.24 billion, a P/E ratio of 8.25 and a beta of 1.41. The company has a 50-day simple moving average of $19.42 and a 200 day simple moving average of $17.37. 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 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.