BBVA Banco Frances S.A. (BFR) Shares Sold by Somerset Capital Management LLP

Somerset Capital Management LLP reduced its holdings in shares of BBVA Banco Frances S.A. (NYSE:BFR) by 38.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,977 shares of the bank’s stock after selling 5,521 shares during the period. BBVA Banco Frances accounts for 0.0% of Somerset Capital Management LLP’s portfolio, making the stock its 16th biggest position. Somerset Capital Management LLP’s holdings in BBVA Banco Frances were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake in shares of BBVA Banco Frances by 520.7% during the 3rd quarter. Schroder Investment Management Group now owns 5,094,188 shares of the bank’s stock valued at $99,897,000 after buying an additional 4,273,443 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in BBVA Banco Frances during the third quarter worth $26,218,000. Bienville Capital Management LLC lifted its stake in BBVA Banco Frances by 274.5% during the third quarter. Bienville Capital Management LLC now owns 818,605 shares of the bank’s stock worth $16,691,000 after purchasing an additional 600,000 shares during the last quarter. INCA Investments LLC lifted its stake in BBVA Banco Frances by 145.7% during the third quarter. INCA Investments LLC now owns 591,800 shares of the bank’s stock worth $12,067,000 after purchasing an additional 350,974 shares during the last quarter. Finally, Key Square Capital Management LLC bought a new position in BBVA Banco Frances during the third quarter worth $8,666,000. Institutional investors own 16.18% of the company’s stock.

BBVA Banco Frances S.A. (NYSE:BFR) opened at $21.29 on Friday. BBVA Banco Frances S.A. has a one year low of $14.55 and a one year high of $27.45. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.22 and a quick ratio of 1.22.

BBVA Banco Frances (NYSE:BFR) last announced its quarterly earnings data on Thursday, November 9th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. equities analysts anticipate that BBVA Banco Frances S.A. will post 1.16 earnings per share for the current year.

Several equities analysts recently issued reports on BFR shares. Zacks Investment Research cut BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. Citigroup upgraded BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Santander cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. ValuEngine upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, TheStreet upgraded BBVA Banco Frances from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.50.

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BBVA Banco Frances 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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