Systrade AG Purchases Shares of 70,000 Banco BBVA Argentina S.A. (NYSE:BBAR)

Systrade AG purchased a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 70,000 shares of the bank’s stock, valued at approximately $1,334,000. Banco BBVA Argentina accounts for approximately 2.1% of Systrade AG’s portfolio, making the stock its 8th biggest position.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of 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 during the period. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $136,000. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina during the second quarter worth $167,000. GSA Capital Partners LLP acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $237,000. Finally, SG Americas Securities LLC acquired a new stake in Banco BBVA Argentina in the third quarter worth $246,000.

Wall Street Analyst Weigh In

BBAR has been the subject of a number of research reports. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a report on Monday, December 16th.

Banco BBVA Argentina Trading Down 3.5 %

NYSE:BBAR opened at $21.94 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 11.42 and a beta of 1.42. The firm has a fifty day simple moving average of $18.70 and a two-hundred day simple moving average of $13.51. Banco BBVA Argentina S.A. has a 12 month low of $4.82 and a 12 month high of $25.01.

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.