Virtu Financial LLC Acquires New Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Virtu Financial LLC purchased a new stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 48,798 shares of the bank’s stock, valued at approximately $506,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BBAR. Ping Capital Management Inc. bought a new stake in shares of Banco BBVA Argentina during the second quarter valued at about $11,293,000. Fourth Sail Capital LP grew its holdings in shares of Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares in the last quarter. PointState Capital LP grew its holdings in shares of Banco BBVA Argentina by 14.2% during the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after purchasing an additional 206,399 shares in the last quarter. Sagil Capital LLP purchased a new position in shares of Banco BBVA Argentina during the third quarter worth about $2,131,000. Finally, Mirabella Financial Services LLP purchased a new position in shares of Banco BBVA Argentina during the third quarter worth about $1,155,000.

Banco BBVA Argentina Trading Down 0.7 %

Shares of BBAR opened at $17.22 on Monday. The stock has a 50 day simple moving average of $14.77 and a two-hundred day simple moving average of $11.62. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a 1 year low of $4.63 and a 1 year high of $18.24.

Analysts Set New Price Targets

Separately, StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Banco BBVA Argentina 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.