Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Upgraded at Barclays

Barclays upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from an equal weight rating to an overweight rating in a report published on Thursday morning, Marketbeat reports.

Separately, Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, July 12th.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA opened at $18.58 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.22 and a current ratio of 1.01. The company has a market cap of $108.44 billion, a PE ratio of 9.78, a P/E/G ratio of 1.46 and a beta of 1.12. The business has a 50-day simple moving average of $15.51 and a two-hundred day simple moving average of $14.19. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $9.23 and a fifty-two week high of $18.64.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. As a group, equities analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently modified their holdings of BBVA. Allspring Global Investments Holdings LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 1.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 43,444 shares of the bank’s stock valued at $668,000 after acquiring an additional 670 shares during the period. Focus Partners Wealth lifted its holdings in Banco Bilbao Viscaya Argentaria by 4.3% in the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock valued at $244,000 after acquiring an additional 732 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in 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 valued at $301,000 after acquiring an additional 740 shares during the period. Manchester Capital Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 19.2% in the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank’s stock valued at $63,000 after acquiring an additional 748 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Banco Bilbao Viscaya Argentaria by 12.8% in the second quarter. UMB Bank n.a. now owns 6,574 shares of the bank’s stock valued at $101,000 after acquiring an additional 748 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.