Banco BBVA Argentina S.A. (NYSE:BBAR) Stake Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) by 43.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 370,918 shares of the bank’s stock after acquiring an additional 111,578 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Banco BBVA Argentina were worth $2,018,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Banco BBVA Argentina by 3.7% during the 1st quarter. State Street Corp now owns 137,830 shares of the bank’s stock worth $489,000 after acquiring an additional 4,941 shares during the period. Bank of America Corp DE lifted its holdings in shares of Banco BBVA Argentina by 318.6% in the first quarter. Bank of America Corp DE now owns 7,259 shares of the bank’s stock valued at $26,000 after buying an additional 5,525 shares during the period. UBS Group AG lifted its holdings in shares of Banco BBVA Argentina by 70.0% in the fourth quarter. UBS Group AG now owns 14,624 shares of the bank’s stock valued at $57,000 after buying an additional 6,024 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at $30,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Banco BBVA Argentina by 36.0% in the third quarter. Envestnet Asset Management Inc. now owns 37,300 shares of the bank’s stock valued at $155,000 after buying an additional 9,878 shares during the period.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Banco BBVA Argentina from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th.

Banco BBVA Argentina Stock Up 6.2 %

Shares of NYSE BBAR opened at $8.57 on Friday. Banco BBVA Argentina S.A. has a 12 month low of $3.74 and a 12 month high of $9.51. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 4.87 and a beta of 1.58. The business has a fifty day simple moving average of $7.47 and a 200-day simple moving average of $5.81.

Banco BBVA Argentina (NYSE:BBAR) last announced its earnings results on Tuesday, March 5th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.09 by $0.50. Banco BBVA Argentina had a return on equity of 11.28% and a net margin of 4.55%. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $592.18 million. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts expect that Banco BBVA Argentina S.A. will post 1.48 EPS for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The business also recently announced a — dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, January 1st were issued a dividend of $0.1131 per share. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date of this dividend was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio is currently 4.55%.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.