Investors Buy Large Volume of Banco BBVA Argentina Call Options (NYSE:BBAR)

Banco BBVA Argentina S.A. (NYSE:BBAR) saw unusually large options trading on Monday. Stock investors acquired 14,534 call options on the company. This is an increase of 1,681% compared to the average volume of 816 call options.

Analyst Ratings Changes

A number of research analysts have weighed in on BBAR shares. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Stock Down 0.7 %

BBAR traded down $0.15 during mid-day trading on Monday, reaching $19.21. 748,444 shares of the stock were exchanged, compared to its average volume of 944,255. Banco BBVA Argentina has a 1 year low of $6.04 and a 1 year high of $25.01. 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 stock has a market capitalization of $3.92 billion, a PE ratio of 10.00 and a beta of 1.41. The company has a 50 day moving average price of $20.93 and a two-hundred day moving average price of $15.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $1,742,000. Point72 Asset Management L.P. increased its position in shares of Banco BBVA Argentina by 42.6% during the 4th quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank’s stock valued at $1,174,000 after purchasing an additional 18,400 shares during the last quarter. PointState Capital LP raised its stake in shares of Banco BBVA Argentina by 47.7% during the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock worth $46,855,000 after purchasing an additional 793,411 shares during the period. Millennium Management LLC boosted its holdings in shares of Banco BBVA Argentina by 695.8% in the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock worth $9,977,000 after buying an additional 457,663 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Banco BBVA Argentina by 93.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock valued at $33,046,000 after buying an additional 836,688 shares during the period.

Banco BBVA Argentina Company 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.