Banco BBVA Argentina Sees Unusually High Options Volume (NYSE:BBAR)

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of unusually large options trading activity on Monday. Traders purchased 14,534 call options on the stock. This represents an increase of approximately 1,681% compared to the typical volume of 816 call options.

Hedge Funds Weigh In On Banco BBVA Argentina

Several institutional investors have recently added to or reduced their stakes in BBAR. William Blair Investment Management LLC bought a new position in Banco BBVA Argentina during the fourth quarter valued at about $19,446,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 purchasing an additional 836,688 shares during the last quarter. PointState Capital LP lifted its holdings in Banco BBVA Argentina by 47.7% during the fourth quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock valued at $46,855,000 after purchasing an additional 793,411 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in Banco BBVA Argentina during the fourth quarter valued at about $11,050,000. Finally, Millennium Management LLC lifted its holdings in Banco BBVA Argentina by 695.8% during the fourth quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock valued at $9,977,000 after purchasing an additional 457,663 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Price Performance

BBAR opened at $18.88 on Tuesday. The firm has a market cap of $3.86 billion, a P/E ratio of 9.83 and a beta of 1.41. The firm has a 50-day moving average of $20.92 and a 200 day moving average of $15.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. Banco BBVA Argentina has a fifty-two week low of $6.04 and a fifty-two week high of $25.01.

About Banco BBVA Argentina

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.