Gateway Wealth Partners LLC Acquires New Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Gateway Wealth Partners LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 30,327 shares of the bank’s stock, valued at approximately $657,000.

A number of other institutional investors have also made changes to their positions in BBVA. Basepoint Wealth LLC bought a new position in Banco Bilbao Viscaya Argentaria during the fourth quarter worth $26,000. Root Financial Partners LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the first quarter valued at $27,000. Harbour Investments Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 50.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after purchasing an additional 440 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BBVA has been the topic of a number of recent research reports. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $27.59 on Friday. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $16.44 and a 1 year high of $27.60. The company has a market cap of $157.54 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. The firm has a fifty day moving average of $24.52 and a 200-day moving average of $23.41.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. Analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current year.

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.