Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 889.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,455 shares of the bank’s stock after purchasing an additional 91,201 shares during the period. Acadian Asset Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BBVA. Jane Street Group LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter worth approximately $863,000. Ameriprise Financial Inc. increased its position in shares of Banco Bilbao Viscaya Argentaria by 4.2% in the fourth quarter. Ameriprise Financial Inc. now owns 141,626 shares of the bank’s stock worth $1,377,000 after acquiring an additional 5,651 shares in the last quarter. Focus Partners Wealth increased its position in shares of Banco Bilbao Viscaya Argentaria by 34.6% in the fourth quarter. Focus Partners Wealth now owns 17,191 shares of the bank’s stock worth $172,000 after acquiring an additional 4,415 shares in the last quarter. Millennium Management LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 514.5% in the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank’s stock worth $9,247,000 after acquiring an additional 796,526 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Banco Bilbao Viscaya Argentaria by 122.2% in the fourth quarter. Point72 Asset Management L.P. now owns 307,720 shares of the bank’s stock worth $2,991,000 after acquiring an additional 169,220 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA opened at $18.98 on Thursday. The firm has a market cap of $110.80 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.01 and a beta of 1.20. The stock has a 50 day moving average of $17.44 and a 200-day moving average of $15.43. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $19.39.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $10.30 billion during the quarter, compared to analyst estimates 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, analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

BBVA has been the subject of several recent research reports. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria 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.