Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 52-Week High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $26.20 and last traded at $25.9230, with a volume of 456426 shares. The stock had previously closed at $25.65.

Analyst Upgrades and Downgrades

BBVA has been the subject of several recent analyst reports. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Morgan Stanley started coverage on shares of Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating for the company. Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Finally, Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

The company has a market cap of $147.86 billion, a P/E ratio of 13.43, a P/E/G ratio of 0.90 and a beta of 0.80. The stock’s 50-day moving average is $23.50 and its two-hundred day moving average is $20.50.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 7.0% in the fourth quarter. Valeo Financial Advisors LLC now owns 22,224 shares of the bank’s stock worth $518,000 after buying an additional 1,452 shares during the last quarter. Pure Financial Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria in the fourth quarter worth approximately $363,000. D Orazio & Associates Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 2.3% during the 4th quarter. D Orazio & Associates Inc. now owns 36,693 shares of the bank’s stock worth $855,000 after acquiring an additional 820 shares during the last quarter. NewEdge Wealth LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 6.5% during the 4th quarter. NewEdge Wealth LLC now owns 624,223 shares of the bank’s stock valued at $14,551,000 after acquiring an additional 38,301 shares during the period. Finally, Ballentine Partners LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 6.4% in the 4th quarter. Ballentine Partners LLC now owns 60,283 shares of the bank’s stock worth $1,405,000 after purchasing an additional 3,611 shares during the period. Institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

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.