Investors Buy Large Volume of Banco BBVA Argentina Call Options (NYSE:BBAR)

Banco BBVA Argentina S.A. (NYSE:BBAR) saw unusually large options trading activity on Monday. Traders bought 14,534 call options on the company. This is an increase of approximately 1,681% compared to the average volume of 816 call options.

Analyst Ratings Changes

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

Banco BBVA Argentina Stock Performance

Shares of NYSE BBAR traded down $0.15 during midday trading on Monday, hitting $19.21. The company’s stock had a trading volume of 748,444 shares, compared to its average volume of 944,255. The stock has a fifty day moving average price of $20.93 and a 200 day moving average price of $15.69. 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 has a one year low of $6.04 and a one year high of $25.01. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 10.00 and a beta of 1.41.

Institutional Trading of Banco BBVA Argentina

Several institutional investors and hedge funds have recently modified their holdings of BBAR. Public Employees Retirement System of Ohio bought a new position in shares of Banco BBVA Argentina in the fourth quarter worth approximately $1,742,000. Point72 Asset Management L.P. lifted its holdings in shares of Banco BBVA Argentina by 42.6% during the 4th quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank’s stock worth $1,174,000 after acquiring an additional 18,400 shares during the last quarter. PointState Capital LP increased its stake in Banco BBVA Argentina by 47.7% in the fourth quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock valued at $46,855,000 after acquiring an additional 793,411 shares during the last quarter. Millennium Management LLC raised its position 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 worth $33,046,000 after purchasing an additional 836,688 shares during the last quarter.

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.