Mirae Asset Global Investments Co. Ltd. Purchases New Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,702 shares of the bank’s stock, valued at approximately $2,478,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BBVA. Navigoe LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the second quarter valued at about $30,000. Salomon & Ludwin LLC lifted its position in Banco Bilbao Viscaya Argentaria by 2,989.5% during the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after purchasing an additional 2,272 shares during the period. AlphaCore Capital LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the second quarter worth about $74,000. Finally, Richardson Financial Services Inc. increased its holdings in Banco Bilbao Viscaya Argentaria by 63.1% in the 3rd quarter. Richardson Financial Services Inc. now owns 5,042 shares of the bank’s stock valued at $97,000 after buying an additional 1,950 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA opened at $25.92 on Tuesday. The firm’s fifty day moving average price is $23.41 and its two-hundred day moving average price is $20.42. The stock has a market cap of $149.36 billion, a PE ratio of 13.57, a PEG ratio of 0.88 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $10.77 and a fifty-two week high of $26.14.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BBVA. Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Morgan Stanley began coverage on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.