Northern Trust Corp reduced its position in shares of BBVA Banco Frances S.A. (NYSE:BFR) by 12.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,561 shares of the bank’s stock after selling 7,494 shares during the period. Northern Trust Corp’s holdings in BBVA Banco Frances were worth $995,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BFR. Global X Management Co. LLC increased its position in shares of BBVA Banco Frances by 22.6% during the second quarter. Global X Management Co. LLC now owns 219,388 shares of the bank’s stock valued at $4,153,000 after acquiring an additional 40,377 shares during the last quarter. Schroder Investment Management Group increased its position in shares of BBVA Banco Frances by 43.7% during the second quarter. Schroder Investment Management Group now owns 820,745 shares of the bank’s stock valued at $15,282,000 after acquiring an additional 249,593 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in shares of BBVA Banco Frances during the second quarter valued at about $13,416,000. Renaissance Technologies LLC increased its position in shares of BBVA Banco Frances by 122.0% during the first quarter. Renaissance Technologies LLC now owns 177,876 shares of the bank’s stock valued at $3,276,000 after acquiring an additional 97,760 shares during the last quarter. Finally, INCA Investments LLC acquired a new stake in shares of BBVA Banco Frances during the second quarter valued at about $4,559,000. Hedge funds and other institutional investors own 16.02% of the company’s stock.

BBVA Banco Frances S.A. (NYSE BFR) opened at $21.73 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3,761.72, a P/E ratio of 11.42 and a beta of 0.55. BBVA Banco Frances S.A. has a twelve month low of $14.55 and a twelve month high of $22.75.

A number of brokerages have weighed in on BFR. Zacks Investment Research cut shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research report on Monday, November 20th. BidaskClub upgraded shares of BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Credit Suisse Group set a $23.00 price objective on shares of BBVA Banco Frances and gave the company a “buy” rating in a report on Friday, August 11th. Citigroup upgraded shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday, November 27th. Finally, Santander upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. BBVA Banco Frances presently has an average rating of “Hold” and an average price target of $23.00.

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BBVA Banco Frances Company 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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