Shares of BBVA Banco Frances SA (NYSE:BFR) dropped 2% during mid-day trading on Thursday . The company traded as low as $19.62 and last traded at $19.85, with a volume of 77,473 shares trading hands. The stock had previously closed at $20.26.

Separately, Zacks Investment Research cut BBVA Banco Frances SA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th.

The firm has a 50-day moving average price of $20.43 and a 200 day moving average price of $20.42. The stock has a market cap of $3.55 billion and a P/E ratio of 13.13.

An institutional investor recently bought a new position in BBVA Banco Frances SA stock. Schroder Investment Management Group acquired a new position in BBVA Banco Frances SA (NYSE:BFR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 459,773 shares of the company’s stock, valued at approximately $8,772,000. Schroder Investment Management Group owned approximately 0.26% of BBVA Banco Frances SA at the end of the most recent reporting period.

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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