JPMorgan Chase & Co. Raises Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

JPMorgan Chase & Co. lifted its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,846,150 shares of the bank’s stock after acquiring an additional 297,752 shares during the period. JPMorgan Chase & Co.’s holdings in Banco Bilbao Viscaya Argentaria were worth $93,288,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BBVA. Savvy Advisors Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 3.9% during the third quarter. Savvy Advisors Inc. now owns 14,644 shares of the bank’s stock worth $282,000 after purchasing an additional 544 shares in the last quarter. Baron Wealth Management LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 2.5% during the 3rd quarter. Baron Wealth Management LLC now owns 23,039 shares of the bank’s stock valued at $443,000 after purchasing an additional 553 shares in the last quarter. Savant Capital LLC increased its stake in Banco Bilbao Viscaya Argentaria by 0.7% during the 3rd quarter. Savant Capital LLC now owns 80,109 shares of the bank’s stock worth $1,542,000 after buying an additional 556 shares during the period. Peapack Gladstone Financial Corp lifted its holdings in Banco Bilbao Viscaya Argentaria by 4.1% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 14,304 shares of the bank’s stock worth $220,000 after buying an additional 563 shares in the last quarter. Finally, Seeds Investor LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria by 4.1% during the second quarter. Seeds Investor LLC now owns 14,956 shares of the bank’s stock valued at $230,000 after acquiring an additional 584 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA stock opened at $23.69 on Tuesday. The stock’s 50 day simple moving average is $23.97 and its 200 day simple moving average is $21.25. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $11.59 and a 12-month high of $26.20. The firm has a market cap of $136.54 billion, a P/E ratio of 12.03, a P/E/G ratio of 0.59 and a beta of 0.80. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.32.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Zacks Research upgraded 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 reaffirmed 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 assigned a Hold rating to the company’s stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of “Moderate Buy”.

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.