State of New Jersey Common Pension Fund D boosted its stake in shares of BBVA Banco Frances S.A. (NYSE:BFR) by 26.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 103,406 shares of the bank’s stock after buying an additional 21,422 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in BBVA Banco Frances were worth $2,359,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Deutsche Bank AG raised its holdings in BBVA Banco Frances by 25.0% during the 4th quarter. Deutsche Bank AG now owns 1,508,601 shares of the bank’s stock valued at $38,015,000 after buying an additional 301,965 shares during the period. Eaton Vance Management purchased a new stake in BBVA Banco Frances in the fourth quarter worth $545,000. INCA Investments LLC increased its stake in BBVA Banco Frances by 60.9% in the fourth quarter. INCA Investments LLC now owns 952,500 shares of the bank’s stock worth $24,003,000 after purchasing an additional 360,700 shares during the period. Standard Life Aberdeen plc increased its stake in BBVA Banco Frances by 68.1% in the fourth quarter. Standard Life Aberdeen plc now owns 3,484,129 shares of the bank’s stock worth $87,818,000 after purchasing an additional 1,411,171 shares during the period. Finally, Global X Management Co. LLC increased its stake in BBVA Banco Frances by 21.7% in the fourth quarter. Global X Management Co. LLC now owns 334,963 shares of the bank’s stock worth $8,441,000 after purchasing an additional 59,634 shares during the period. Institutional investors own 17.83% of the company’s stock.
Get BBVA Banco Frances alerts:BFR stock opened at $16.33 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.20 and a quick ratio of 1.20. BBVA Banco Frances S.A. has a twelve month low of $14.55 and a twelve month high of $27.45.
The firm also recently announced an annual dividend, which was paid on Wednesday, May 16th. Shareholders of record on Tuesday, May 8th were paid a $0.209 dividend. This is a positive change from BBVA Banco Frances’s previous annual dividend of $0.17. The ex-dividend date of this dividend was Monday, May 7th. This represents a yield of 1.22%. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 18.42%.
A number of research firms have weighed in on BFR. ValuEngine lowered BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Santander upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BBVA Banco Frances currently has a consensus rating of “Hold” and a consensus target price of $26.50.
About BBVA Banco Frances
BBVA Banco Franc茅s SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, and Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.
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