Gemsstock Ltd. Has $4.37 Million Stock Position in BBVA Banco Frances S.A. (NYSE:BBAR)

Gemsstock Ltd. grew its stake in BBVA Banco Frances S.A. (NYSE:BBAR) by 62.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 241,274 shares of the bank’s stock after purchasing an additional 92,758 shares during the quarter. BBVA Banco Frances comprises approximately 1.6% of Gemsstock Ltd.’s holdings, making the stock its 18th largest holding. Gemsstock Ltd. owned 0.12% of BBVA Banco Frances worth $4,372,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. PointState Capital LP raised its stake in BBVA Banco Frances by 47.7% during the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock worth $46,855,000 after buying an additional 793,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BBVA Banco Frances by 93.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock worth $33,046,000 after buying an additional 836,688 shares during the period. Brevan Howard Capital Management LP acquired a new stake in BBVA Banco Frances during the 4th quarter worth $11,050,000. Millennium Management LLC raised its stake in BBVA Banco Frances by 695.8% during the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock worth $9,977,000 after buying an additional 457,663 shares during the period. Finally, Cubist Systematic Strategies LLC raised its stake in BBVA Banco Frances by 38.9% during the 4th quarter. Cubist Systematic Strategies LLC now owns 149,350 shares of the bank’s stock worth $2,847,000 after buying an additional 41,852 shares during the period.

BBVA Banco Frances Stock Performance

BBAR opened at $16.74 on Tuesday. The business’s 50-day moving average price is $16.46 and its two-hundred day moving average price is $18.53. BBVA Banco Frances S.A. has a 1 year low of $9.18 and a 1 year high of $25.01. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 9.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 1.05.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The firm had revenue of $667.94 million for the quarter, compared to the consensus estimate of $751.69 billion. Equities analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BBAR. Wall Street Zen downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Sunday. Itau BBA Securities began coverage on BBVA Banco Frances in a research note on Tuesday, May 20th. They issued a “market perform” rating and a $18.00 price target on the stock.

BBVA Banco Frances 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.