BBVA Banco Frances S.A. (BFR) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in BBVA Banco Frances S.A. (NYSE:BFR) by 2.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,018 shares of the bank’s stock after purchasing an additional 277 shares during the quarter. Wells Fargo & Company MN’s holdings in BBVA Banco Frances were worth $227,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC boosted its holdings 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. William Blair Investment Management LLC acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at $843,000. Deltec Asset Management LLC acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at $1,079,000. Renaissance Technologies LLC boosted its holdings in shares of BBVA Banco Frances by 122.0% in the 1st quarter. Renaissance Technologies LLC now owns 177,876 shares of the bank’s stock valued at $3,276,000 after purchasing an additional 97,760 shares in the last quarter. Finally, Global X Management Co. LLC boosted its holdings in shares of BBVA Banco Frances by 22.6% in the 2nd quarter. Global X Management Co. LLC now owns 219,388 shares of the bank’s stock valued at $4,153,000 after purchasing an additional 40,377 shares in the last quarter. 9.64% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on BFR shares. Santander raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Credit Suisse Group set a $23.00 target price on BBVA Banco Frances and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Finally, Zacks Investment Research downgraded BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $23.00.

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Shares of BBVA Banco Frances S.A. (NYSE:BFR) opened at $22.15 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.26 and a current ratio of 1.22. BBVA Banco Frances S.A. has a twelve month low of $14.55 and a twelve month high of $22.73.

About BBVA Banco Frances

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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