Westfield Capital Management Co. LP Takes $6.22 Million Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Westfield Capital Management Co. LP purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 266,816 shares of the bank’s stock, valued at approximately $6,219,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Basepoint Wealth LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at $26,000. Root Financial Partners LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after purchasing an additional 426 shares during the last quarter. Harbour Investments Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% in the 4th 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. TD Waterhouse Canada Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 50.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at $31,000. Institutional investors own 2.96% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BBVA shares. Weiss Ratings lowered Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Finally, Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Down 2.7%

Shares of BBVA stock opened at $22.22 on Friday. The firm has a market capitalization of $126.82 billion, a P/E ratio of 10.58, a P/E/G ratio of 0.60 and a beta of 0.81. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $14.63 and a twelve month high of $26.20. The stock’s fifty day simple moving average is $22.33 and its 200 day simple moving average is $22.69.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The business had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. As a group, equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 EPS for the current fiscal 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.