Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.
Several other equities analysts have also weighed in on the stock. Bank of America lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Finally, Barclays downgraded shares of 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Stock Report on Banco Bilbao Viscaya Argentaria
Banco Bilbao Viscaya Argentaria Stock Up 0.0%
Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The company had revenue of $11.99 billion during the quarter. On average, sell-side analysts predict that Banco Bilbao Viscaya Argentaria will post 2.37 EPS for the current year.
Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria
A number of large investors have recently added to or reduced their stakes in BBVA. Basepoint Wealth LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $26,000. Root Financial Partners LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after buying an additional 426 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at about $27,000. Harbour Investments Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after buying an additional 575 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after buying an additional 440 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.
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.
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