Bank of New York Mellon Corp Has $9.18 Million Holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Bank of New York Mellon Corp increased its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 59.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673,748 shares of the bank’s stock after purchasing an additional 252,492 shares during the period. Bank of New York Mellon Corp’s holdings in Banco Bilbao Viscaya Argentaria were worth $9,176,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Symmetry Investments LP bought a new stake in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at about $27,647,000. Northern Trust Corp grew its position in shares of Banco Bilbao Viscaya Argentaria by 48.6% during the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank’s stock worth $72,111,000 after purchasing an additional 2,424,880 shares in the last quarter. Millennium Management LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 514.5% during the 4th quarter. Millennium Management LLC now owns 951,350 shares of the bank’s stock worth $9,247,000 after purchasing an additional 796,526 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter worth approximately $7,333,000. Finally, Bank of America Corp DE boosted its position in shares of Banco Bilbao Viscaya Argentaria by 13.7% during the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank’s stock worth $49,654,000 after acquiring an additional 613,563 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $14.73 on Tuesday. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $16.00. The stock has a market cap of $85.99 billion, a P/E ratio of 7.79, a PEG ratio of 1.16 and a beta of 1.06. The firm’s 50 day moving average price is $15.16 and its 200-day moving average price is $13.61.

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, hitting analysts’ consensus estimates of $0.47. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. As a group, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

About Banco Bilbao Viscaya Argentaria

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.