Public Employees Retirement System of Ohio Acquires New Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Public Employees Retirement System of Ohio bought a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the second quarter, HoldingsChannel.com reports. The firm bought 27,578 shares of the bank’s stock, valued at approximately $691,000.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 120.9% in the 4th quarter. Global Retirement Partners LLC now owns 76,788 shares of the bank’s stock worth $1,790,000 after buying an additional 42,026 shares during the period. Quantinno Capital Management LP lifted its position in shares of 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 acquiring an additional 231,330 shares in the last quarter. Diversify Wealth Management LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 42.4% during the first quarter. Diversify Wealth Management LLC now owns 185,755 shares of the bank’s stock worth $3,955,000 after purchasing an additional 55,304 shares in the last quarter. Advisors Preferred LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at approximately $778,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $4,471,000. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Stock Down 0.8%

Shares of BBVA opened at $29.05 on Thursday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $162.10 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.77 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $17.90 and a 1 year high of $29.64. The business’s 50 day simple moving average is $27.51 and its 200-day simple moving average is $24.29.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The company had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. As a group, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BBVA. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Keefe, Bruyette & Woods cut shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, asset management, private banking, payments and insurance-related services to individuals, businesses, institutions and public-sector customers.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.