Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 52-Week High – Here’s Why

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.36 and last traded at $26.2990, with a volume of 101248 shares changing hands. The stock had previously closed at $26.14.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BBVA. Barclays downgraded shares of 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 note on Monday, April 20th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Finally, Weiss Ratings cut shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Down 0.2%

The firm has a 50-day moving average price of $23.05 and a two-hundred day moving average price of $23.07. The firm has a market cap of $148.98 billion, a PE ratio of 12.42, a P/E/G ratio of 0.64 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. The firm had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. Research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors and hedge funds have recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at approximately $26,000. Root Financial Partners LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 59.6% during the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after buying an additional 426 shares during the period. Whipplewood Advisors LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $27,000. Harbour Investments Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 84.1% in the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after acquiring an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Banco Bilbao Viscaya Argentaria by 50.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after acquiring an additional 440 shares during the period. 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.