Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $29.15 and last traded at $29.1650, with a volume of 42924 shares traded. The stock had previously closed at $29.04.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Keefe, Bruyette & Woods cut Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Bank of America lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.
Get Our Latest Stock Report on Banco Bilbao Viscaya Argentaria
Banco Bilbao Viscaya Argentaria Stock Performance
Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The business had revenue of $11.99 billion during the quarter. On average, sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in BBVA. Bank of America Corp DE raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after acquiring an additional 2,034,318 shares in the last quarter. Barclays PLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% in the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock valued at $84,306,000 after purchasing an additional 3,428,336 shares in the last quarter. Royal Bank of Canada increased its position in Banco Bilbao Viscaya Argentaria by 42.1% in the fourth quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock worth $34,539,000 after purchasing an additional 439,098 shares during the last quarter. Quantinno Capital Management LP increased its position in Banco Bilbao Viscaya Argentaria by 23.3% in the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after purchasing an additional 231,330 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock valued at $18,640,000 after purchasing an additional 326,367 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.
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.
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