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

Systrade AG acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 70,000 shares of the bank’s stock, valued at approximately $1,334,000. Banco BBVA Argentina makes up about 2.1% of Systrade AG’s holdings, making the stock its 8th largest holding.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted 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 valued at $79,000 after purchasing an additional 2,307 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Banco BBVA Argentina during the third quarter valued at about $136,000. Truist Financial Corp bought a new position in shares of Banco BBVA Argentina during the second quarter valued at about $167,000. Point72 Asset Management L.P. lifted its position in shares of Banco BBVA Argentina by 72.8% during the third quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock valued at $448,000 after purchasing an additional 18,200 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina during the third quarter valued at about $237,000.

Analysts Set New Price Targets

BBAR has been the topic of several research reports. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research 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 price objective on the stock in a research report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

Shares of BBAR stock opened at $21.94 on Monday. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 11.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. Banco BBVA Argentina S.A. has a 52 week low of $4.82 and a 52 week high of $25.01. The firm’s 50-day simple moving average is $18.70 and its two-hundred day simple moving average is $13.51.

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.