Schroder Investment Management Group raised its stake in shares of BBVA Banco Frances S.A. (NYSE:BFR) by 43.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 820,745 shares of the bank’s stock after buying an additional 249,593 shares during the period. Schroder Investment Management Group owned about 0.46% of BBVA Banco Frances worth $15,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC raised its stake in shares of BBVA Banco Frances by 22.6% during the 2nd quarter. Global X Management Co. LLC now owns 219,388 shares of the bank’s stock valued at $4,153,000 after buying an additional 40,377 shares during the last quarter. Bank of Montreal Can increased its stake in shares of BBVA Banco Frances by 38.0% in the 2nd quarter. Bank of Montreal Can now owns 2,240,237 shares of the bank’s stock valued at $42,408,000 after purchasing an additional 617,332 shares in the last quarter. Deltec Asset Management LLC purchased a new position in shares of BBVA Banco Frances in the 2nd quarter valued at about $1,079,000. Fisher Asset Management LLC increased its stake in shares of BBVA Banco Frances by 66.2% in the 2nd quarter. Fisher Asset Management LLC now owns 20,441 shares of the bank’s stock valued at $387,000 after purchasing an additional 8,141 shares in the last quarter. Finally, Newfoundland Capital Management purchased a new position in shares of BBVA Banco Frances in the 1st quarter valued at about $399,000. Institutional investors and hedge funds own 5.43% of the company’s stock.

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BFR has been the subject of several recent analyst reports. Credit Suisse Group set a $23.00 price target on BBVA Banco Frances and gave the company a “buy” rating in a research note on Friday, August 11th. Santander upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub upgraded BBVA Banco Frances from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Monday, May 22nd. Finally, ValuEngine lowered BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. BBVA Banco Frances presently has an average rating of “Hold” and an average price target of $23.00.

BBVA Banco Frances S.A. (NYSE:BFR) opened at 17.94 on Friday. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 19.48 and a beta of 0.66. The company has a 50 day moving average price of $16.67 and a 200 day moving average price of $17.82. BBVA Banco Frances S.A. has a 52 week low of $14.55 and a 52 week high of $21.90.

The company also recently declared a None dividend, which was paid on Friday, August 18th. Investors of record on Thursday, August 10th were issued a dividend of $0.251 per share. The ex-dividend date of this dividend was Tuesday, August 8th.

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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