Somerset Capital Management LLP Purchases New Position in BBVA Banco Frances S.A. (BFR)

Somerset Capital Management LLP purchased a new position in shares of BBVA Banco Frances S.A. (NYSE:BFR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 133,000 shares of the bank’s stock, valued at approximately $1,552,000. BBVA Banco Frances makes up approximately 0.4% of Somerset Capital Management LLP’s holdings, making the stock its 14th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. UBS Group AG acquired a new stake in shares of BBVA Banco Frances in the 1st quarter valued at $109,000. Exane Derivatives boosted its stake in shares of BBVA Banco Frances by 870,900.0% in the 2nd quarter. Exane Derivatives now owns 8,710 shares of the bank’s stock valued at $109,000 after purchasing an additional 8,709 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at $148,000. Itau Unibanco Holding S.A. acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at $346,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at $363,000. Hedge funds and other institutional investors own 15.60% of the company’s stock.

Shares of BBVA Banco Frances stock traded up $0.09 during trading on Tuesday, reaching $11.11. The company’s stock had a trading volume of 1,916 shares, compared to its average volume of 508,645. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.22. BBVA Banco Frances S.A. has a one year low of $7.11 and a one year high of $27.45. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 9.71 and a beta of 0.42.



BBVA Banco Frances (NYSE:BFR) last released its quarterly earnings results on Thursday, August 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.11. As a group, sell-side analysts anticipate that BBVA Banco Frances S.A. will post 1.23 EPS for the current year.

Several brokerages have recently commented on BFR. Zacks Investment Research downgraded shares of BBVA Banco Frances from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. ValuEngine downgraded shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research note on Monday, August 13th. Santander downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, TheStreet downgraded shares of BBVA Banco Frances from a “b-” rating to a “c-” rating in a research note on Thursday, July 26th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $30.00.

BBVA Banco Frances Profile

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

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