William Blair Investment Management LLC Takes $19.45 Million Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

William Blair Investment Management LLC acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the 4th quarter, Holdings Channel reports. The firm acquired 1,020,278 shares of the bank’s stock, valued at approximately $19,446,000.

Several other hedge funds also recently modified their holdings of the stock. Blue Trust Inc. increased its stake in Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock valued at $47,000 after purchasing an additional 685 shares in the last quarter. GAMMA Investing LLC increased its stake in Banco BBVA Argentina by 123.8% during the 4th 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. Clear Creek Financial Management LLC bought a new stake in Banco BBVA Argentina during the 4th quarter valued at $236,000. XTX Topco Ltd bought a new stake in Banco BBVA Argentina during the 3rd quarter valued at $136,000. Finally, Amundi bought a new stake in Banco BBVA Argentina during the 4th quarter valued at $396,000.

Banco BBVA Argentina Price Performance

BBAR opened at $17.63 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 9.18 and a beta of 1.41. The firm’s fifty day moving average price is $20.49 and its two-hundred day moving average price is $16.73. Banco BBVA Argentina S.A. has a 1 year low of $7.05 and a 1 year high of $25.01.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target 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 note on Tuesday, December 24th.

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.