1,220,900 Shares in Banco BBVA Argentina S.A. (NYSE:BBAR) Bought by Ping Capital Management Inc.

Ping Capital Management Inc. acquired a new position in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,220,900 shares of the bank’s stock, valued at approximately $11,293,000. Banco BBVA Argentina accounts for about 3.4% of Ping Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding. Ping Capital Management Inc. owned approximately 0.60% of Banco BBVA Argentina as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BBAR. Fourth Sail Capital LP acquired a new position in Banco BBVA Argentina in the first quarter valued at about $11,467,000. Jump Financial LLC grew its stake in Banco BBVA Argentina by 58.9% in the fourth quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock valued at $831,000 after acquiring an additional 56,622 shares during the period. Rokos Capital Management LLP acquired a new position in Banco BBVA Argentina in the first quarter valued at about $501,000. Virtu Financial LLC acquired a new position in Banco BBVA Argentina in the first quarter valued at about $413,000. Finally, Quantbot Technologies LP grew its stake in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after acquiring an additional 19,700 shares during the period.

Banco BBVA Argentina Price Performance

BBAR stock opened at $11.00 on Monday. The company has a quick ratio of 1.25, a current ratio of 0.91 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $9.35 and a 200-day moving average of $9.20. Banco BBVA Argentina S.A. has a fifty-two week low of $3.78 and a fifty-two week high of $11.87.

Banco BBVA Argentina Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were given a dividend of $0.5134 per share. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date of this dividend was Friday, August 2nd. Banco BBVA Argentina’s dividend payout ratio is currently 90.51%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Banco BBVA Argentina Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.