Global X Management Co. LLC increased its position in BBVA Banco Frances S.A. (NYSE:BFR) by 22.6% during the second quarter, Holdings Channel reports. The institutional investor owned 219,388 shares of the bank’s stock after buying an additional 40,377 shares during the period. Global X Management Co. LLC’s holdings in BBVA Banco Frances were worth $4,153,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BFR. Deltec Asset Management LLC bought a new stake in BBVA Banco Frances during the second quarter worth approximately $1,079,000. Fisher Asset Management LLC boosted its stake in BBVA Banco Frances by 66.2% in the second quarter. Fisher Asset Management LLC now owns 20,441 shares of the bank’s stock worth $387,000 after buying an additional 8,141 shares in the last quarter. Bank of Montreal Can boosted its stake in BBVA Banco Frances by 38.0% in the second quarter. Bank of Montreal Can now owns 2,240,237 shares of the bank’s stock worth $42,408,000 after buying an additional 617,332 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in BBVA Banco Frances by 10.3% in the first quarter. Goldman Sachs Group Inc. now owns 612,711 shares of the bank’s stock worth $11,286,000 after buying an additional 57,086 shares in the last quarter. Finally, Newfoundland Capital Management bought a new stake in BBVA Banco Frances during the first quarter worth approximately $399,000. Hedge funds and other institutional investors own 7.03% of the company’s stock.

Shares of BBVA Banco Frances S.A. (BFR) opened at 15.68 on Friday. BBVA Banco Frances S.A. has a 12-month low of $14.55 and a 12-month high of $21.90. The stock has a market cap of $2.81 billion, a PE ratio of 12.07 and a beta of 0.67. The firm has a 50-day moving average price of $16.93 and a 200 day moving average price of $18.08.

The firm also recently disclosed an annual dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 10th were paid a $0.167 dividend. This is an increase from BBVA Banco Frances’s previous annual dividend of $0.10. The ex-dividend date of this dividend was Tuesday, August 8th.

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A number of research firms recently commented on BFR. BidaskClub cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. ValuEngine cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Credit Suisse Group upgraded BBVA Banco Frances from an “underperform” rating to an “outperform” rating in a report on Tuesday, June 13th. UBS AG upgraded BBVA Banco Frances from a “sell” rating to a “neutral” rating in a report on Friday, May 26th. Finally, Zacks Investment Research upgraded BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. BBVA Banco Frances currently has a consensus rating of “Hold” and a consensus price target of $29.00.

BBVA Banco Frances Company Profile

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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Institutional Ownership by Quarter for BBVA Banco Frances (NYSE:BFR)

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