Odey Asset Management Group Ltd reduced its holdings in shares of BBVA Banco Frances S.A. (NYSE:BFR) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,165 shares of the bank’s stock after selling 12,002 shares during the quarter. Odey Asset Management Group Ltd owned about 0.08% of BBVA Banco Frances worth $2,824,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Global X Management Co. LLC boosted its holdings in 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 worth $4,153,000 after buying an additional 40,377 shares during the period. Bank of Montreal Can grew its stake in 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 buying an additional 617,332 shares in the last quarter. Schroder Investment Management Group grew its stake in BBVA Banco Frances by 43.7% in the 2nd quarter. Schroder Investment Management Group now owns 820,745 shares of the bank’s stock valued at $15,282,000 after buying an additional 249,593 shares in the last quarter. Deltec Asset Management LLC purchased a new position in BBVA Banco Frances in the 2nd quarter valued at approximately $1,079,000. Finally, Fisher Asset Management LLC grew its stake in 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 buying an additional 8,141 shares in the last quarter. Institutional investors own 5.43% of the company’s stock.

Shares of BBVA Banco Frances S.A. (NYSE:BFR) traded up 0.25% during midday trading on Monday, hitting $20.44. The stock had a trading volume of 118,867 shares. BBVA Banco Frances S.A. has a 12 month low of $14.55 and a 12 month high of $21.90. The stock’s 50 day moving average price is $16.97 and its 200 day moving average price is $17.89. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 22.27 and a beta of 0.65.

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A number of equities research analysts have issued reports on the stock. Santander raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Credit Suisse Group set a $23.00 price target on BBVA Banco Frances and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, ValuEngine cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. BBVA Banco Frances currently has a consensus rating of “Hold” and a consensus target price of $23.00.

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.

Institutional Ownership by Quarter for BBVA Banco Frances (NYSE:BFR)

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