MARSHALL WACE ASIA Ltd lowered its position in BBVA Banco Frances S.A. (NYSE:BFR) by 17.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,667,128 shares of the bank’s stock after selling 348,760 shares during the quarter. MARSHALL WACE ASIA Ltd’s holdings in BBVA Banco Frances were worth $15,854,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BFR. Barclays PLC raised its stake in BBVA Banco Frances by 1,057.5% in the fourth quarter. Barclays PLC now owns 2,639 shares of the bank’s stock worth $30,000 after buying an additional 2,411 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in BBVA Banco Frances in the fourth quarter worth approximately $36,000. Exane Derivatives raised its stake in BBVA Banco Frances by 322.7% in the first quarter. Exane Derivatives now owns 12,770 shares of the bank’s stock worth $121,000 after buying an additional 9,749 shares in the last quarter. Alpine Global Management LLC bought a new position in BBVA Banco Frances in the first quarter worth approximately $171,000. Finally, Barings LLC bought a new position in BBVA Banco Frances in the first quarter worth approximately $247,000. 14.38% of the stock is owned by institutional investors and hedge funds.
NYSE:BFR traded down $0.11 during trading hours on Friday, reaching $10.92. The company’s stock had a trading volume of 4,818 shares, compared to its average volume of 1,817,089. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -57.63 and a beta of 0.09. BBVA Banco Frances S.A. has a 12 month low of $6.57 and a 12 month high of $16.60. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.23.
The company also recently declared an annual dividend, which was paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th were issued a $0.2651 dividend. This is a positive change from BBVA Banco Frances’s previous annual dividend of $0.21. This represents a yield of 3.04%. The ex-dividend date of this dividend was Tuesday, May 14th. BBVA Banco Frances’s payout ratio is currently -136.84%.
A number of equities analysts recently commented on the stock. HSBC downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th. Santander raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, ValuEngine downgraded shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. BBVA Banco Frances presently has an average rating of “Hold” and an average price target of $13.00.
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About BBVA Banco Frances
BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.
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