Fisher Asset Management LLC maintained its stake in BBVA Banco Frances S.A. (NYSE:BFR) during the first quarter, according to its most recent filing with the SEC. The fund owned 12,300 shares of the bank’s stock at the end of the first quarter. Fisher Asset Management LLC’s holdings in BBVA Banco Frances were worth $227,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Comerica Bank bought a new stake in shares of BBVA Banco Frances during the fourth quarter valued at about $183,000. Stevens Capital Management LP bought a new stake in shares of BBVA Banco Frances during the third quarter valued at about $225,000. Itau Unibanco Holding S.A. bought a new stake in shares of BBVA Banco Frances during the third quarter valued at about $257,000. Oxford Asset Management increased its stake in shares of BBVA Banco Frances by 162.1% in the fourth quarter. Oxford Asset Management now owns 160,000 shares of the bank’s stock valued at $2,789,000 after buying an additional 98,948 shares during the period. Finally, Bienville Capital Management LLC increased its position in shares of BBVA Banco Frances by 9.2% in the fourth quarter. Bienville Capital Management LLC now owns 535,100 shares of the bank’s stock worth $9,327,000 after buying an additional 45,167 shares during the period. Institutional investors and hedge funds own 6.01% of the company’s stock.
Shares of BBVA Banco Frances S.A. (NYSE:BFR) traded up 2.55% on Friday, hitting $17.67. The stock had a trading volume of 27,309 shares. The stock has a market cap of $3.16 billion, a PE ratio of 13.45 and a beta of 0.97. BBVA Banco Frances S.A. has a 12 month low of $16.20 and a 12 month high of $21.96. The stock has a 50 day moving average of $18.34 and a 200-day moving average of $18.11.
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Separately, Credit Suisse Group AG restated a “sell” rating and issued a $21.50 price objective on shares of BBVA Banco Frances in a research note on Monday, February 13th.
About BBVA Banco Frances
BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.
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