MARSHALL WACE ASIA Ltd Increases Holdings in BBVA Banco Frances S.A. (BFR)

MARSHALL WACE ASIA Ltd boosted its holdings in shares of BBVA Banco Frances S.A. (NYSE:BFR) by 76.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,395,585 shares of the bank’s stock after acquiring an additional 606,840 shares during the period. MARSHALL WACE ASIA Ltd owned about 0.68% of BBVA Banco Frances worth $16,287,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BFR. UBS Group AG acquired a new position in BBVA Banco Frances during the first quarter worth about $109,000. Engineers Gate Manager LP acquired a new position in BBVA Banco Frances during the second quarter worth about $148,000. Legal & General Group Plc acquired a new position in BBVA Banco Frances during the third quarter worth about $197,000. Jane Street Group LLC acquired a new position in BBVA Banco Frances during the third quarter worth about $223,000. Finally, Itau Unibanco Holding S.A. acquired a new position in BBVA Banco Frances during the second quarter worth about $346,000. Institutional investors own 14.46% of the company’s stock.

Shares of NYSE:BFR traded up $0.27 during trading on Thursday, reaching $12.18. The stock had a trading volume of 279,700 shares, compared to its average volume of 465,500. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market cap of $2.43 billion, a PE ratio of 10.68 and a beta of 0.37. BBVA Banco Frances S.A. has a fifty-two week low of $7.11 and a fifty-two week high of $27.45.



A number of equities analysts have issued reports on the stock. ValuEngine cut shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research report on Monday, August 13th. Zacks Investment Research lowered shares of BBVA Banco Frances from a “hold” rating to a “sell” rating in a research report on Monday, September 3rd.

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

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