M&T Bank Corp Buys 4,109 Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

M&T Bank Corp increased its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 13.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,612 shares of the bank’s stock after purchasing an additional 4,109 shares during the period. M&T Bank Corp’s holdings in Banco Bilbao Viscaya Argentaria were worth $457,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Beverly Hills Private Wealth LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 3.5% in the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank’s stock worth $301,000 after purchasing an additional 740 shares during the last quarter. Bessemer Group Inc. grew its position in Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock valued at $53,000 after acquiring an additional 787 shares during the last quarter. HighPoint Advisor Group LLC grew its position in Banco Bilbao Viscaya Argentaria by 4.3% during the fourth quarter. HighPoint Advisor Group LLC now owns 20,975 shares of the bank’s stock valued at $204,000 after acquiring an additional 862 shares during the last quarter. Seven Mile Advisory grew its position in Banco Bilbao Viscaya Argentaria by 4.7% during the fourth quarter. Seven Mile Advisory now owns 20,999 shares of the bank’s stock valued at $204,000 after acquiring an additional 950 shares during the last quarter. Finally, First Affirmative Financial Network grew its position in Banco Bilbao Viscaya Argentaria by 6.2% during the first quarter. First Affirmative Financial Network now owns 16,881 shares of the bank’s stock valued at $230,000 after acquiring an additional 979 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Two equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA opened at $14.92 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $9.23 and a one year high of $16.00. The firm’s 50 day simple moving average is $15.14 and its two-hundred day simple moving average is $13.48. The stock has a market capitalization of $87.07 billion, a P/E ratio of 7.89, a PEG ratio of 1.16 and a beta of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. As a group, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.