State of New Jersey Common Pension Fund D decreased its holdings in BBVA Banco Frances S.A. (NYSE:BFR) by 57.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,599 shares of the bank’s stock after selling 55,807 shares during the period. State of New Jersey Common Pension Fund D’s holdings in BBVA Banco Frances were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the business. FMR LLC grew its stake in shares of BBVA Banco Frances by 1.0% in the fourth quarter. FMR LLC now owns 184,253 shares of the bank’s stock worth $2,088,000 after acquiring an additional 1,772 shares in the last quarter. Barclays PLC grew its stake in shares of 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 acquiring an additional 2,411 shares in the last quarter. Exane Derivatives grew its stake in shares of BBVA Banco Frances by 38.9% in the second quarter. Exane Derivatives now owns 17,734 shares of the bank’s stock worth $201,000 after acquiring an additional 4,964 shares in the last quarter. Northern Trust Corp grew its stake in shares of BBVA Banco Frances by 25.8% in the fourth quarter. Northern Trust Corp now owns 50,522 shares of the bank’s stock worth $572,000 after acquiring an additional 10,361 shares in the last quarter. Finally, Gulf International Bank UK Ltd acquired a new position in shares of BBVA Banco Frances in the second quarter worth $589,000. Institutional investors and hedge funds own 14.37% of the company’s stock.
Shares of BFR stock traded up $0.09 on Friday, reaching $11.36. 527,128 shares of the stock were exchanged, compared to its average volume of 1,908,568. 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’s 50 day moving average price is $11.52. The stock has a market cap of $2.32 billion, a P/E ratio of -59.79 and a beta of 0.08. BBVA Banco Frances S.A. has a twelve month low of $6.57 and a twelve month high of $16.00.
BFR has been the subject of a number of analyst reports. ValuEngine upgraded shares of BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a research note on Friday, June 14th. HSBC downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, June 5th.
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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