Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other analysts have also weighed in on BBVA. Royal Bank Of Canada lowered Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE:BBVA opened at $23.51 on Friday. The business’s 50-day simple moving average is $23.96 and its two-hundred day simple moving average is $21.18. Banco Bilbao Viscaya Argentaria has a 52 week low of $11.59 and a 52 week high of $26.20. The stock has a market cap of $135.48 billion, a PE ratio of 11.93, a P/E/G ratio of 0.82 and a beta of 0.80. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.32.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The firm had revenue of $11.49 billion during the quarter, compared to analyst estimates of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. As a group, analysts forecast that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current fiscal year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of institutional investors have recently bought and sold shares of BBVA. AQR Capital Management LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 103.0% in the first quarter. AQR Capital Management LLC now owns 125,927 shares of the bank’s stock worth $1,715,000 after purchasing an additional 63,880 shares during the last quarter. Jane Street Group LLC raised its position in Banco Bilbao Viscaya Argentaria by 104.6% during the 1st quarter. Jane Street Group LLC now owns 181,639 shares of the bank’s stock worth $2,474,000 after buying an additional 92,843 shares during the last quarter. Focus Partners Wealth raised its position in Banco Bilbao Viscaya Argentaria by 4.3% during the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock worth $244,000 after buying an additional 732 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 9.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 24,063 shares of the bank’s stock valued at $370,000 after acquiring an additional 2,090 shares during the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the second quarter worth $682,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

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.