Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.74 and last traded at $28.6650, with a volume of 401954 shares trading hands. The stock had previously closed at $28.35.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on BBVA. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Bank of America cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Barclays downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.
View Our Latest Analysis on BBVA
Banco Bilbao Viscaya Argentaria Trading Up 0.8%
Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last released its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The company had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. As a group, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 EPS for the current fiscal year.
Institutional Trading of Banco Bilbao Viscaya Argentaria
Several hedge funds have recently added to or reduced their stakes in BBVA. Bank of America Corp DE boosted its stake in Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after acquiring an additional 2,034,318 shares during the last quarter. Barclays PLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% in the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after purchasing an additional 3,428,336 shares during the period. Royal Bank of Canada raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 42.1% in the 4th 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 period. Quantinno Capital Management LP lifted its stake 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 valued at $26,492,000 after purchasing an additional 231,330 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings 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 during the period. 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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