Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $28.05 and last traded at $28.19, with a volume of 2839 shares changing hands. The stock had previously closed at $27.95.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on BBVA shares. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Bank of America cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Finally, Barclays downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
Check Out Our Latest Stock Report on BBVA
Banco Bilbao Viscaya Argentaria Stock Up 1.0%
Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The company had revenue of $11.99 billion during the quarter. As a group, research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria
Hedge funds have recently added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at about $26,000. Root Financial Partners LLC grew its position in Banco Bilbao Viscaya Argentaria by 59.6% during the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after acquiring an additional 426 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $27,000. Harbour Investments Inc. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after acquiring an additional 575 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 50.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after acquiring an additional 440 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.
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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