SG Americas Securities LLC Decreases Stock Holdings in Banco BBVA Argentina S.A. (NYSE:BBAR)

SG Americas Securities LLC lowered its position in Banco BBVA Argentina S.A. (NYSE:BBAR) by 76.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,629 shares of the bank’s stock after selling 18,127 shares during the quarter. SG Americas Securities LLC’s holdings in Banco BBVA Argentina were worth $107,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BBAR. GAMMA Investing LLC grew its holdings in Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after purchasing an additional 2,307 shares during the last quarter. XTX Topco Ltd purchased a new position in Banco BBVA Argentina during the 3rd quarter worth $136,000. Truist Financial Corp purchased a new position in Banco BBVA Argentina during the 2nd quarter worth $167,000. GSA Capital Partners LLP acquired a new position in Banco BBVA Argentina during the 3rd quarter valued at about $237,000. Finally, Channing Global Advisors LLC purchased a new stake in Banco BBVA Argentina in the third quarter valued at about $247,000.

Banco BBVA Argentina Stock Performance

BBAR opened at $19.42 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a 12-month low of $5.24 and a 12-month high of $25.01. The firm has a 50 day moving average of $20.53 and a two-hundred day moving average of $15.07. The firm has a market capitalization of $3.97 billion, a PE ratio of 10.11 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same period last year, the business earned $0.15 EPS. On average, analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised 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.

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.