Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 5.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 518,617 shares of the bank’s stock after acquiring an additional 27,115 shares during the period. Assetmark Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $9,983,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Savvy Advisors Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 3.9% during the 3rd quarter. Savvy Advisors Inc. now owns 14,644 shares of the bank’s stock valued at $282,000 after purchasing an additional 544 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Banco Bilbao Viscaya Argentaria by 8.2% in the 3rd quarter. Cibc World Market Inc. now owns 24,112 shares of the bank’s stock valued at $464,000 after acquiring an additional 1,830 shares during the period. Caprock Group LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $3,114,000. Wealthstream Advisors Inc. purchased a new position in Banco Bilbao Viscaya Argentaria in the 3rd quarter worth $200,000. Finally, Prospera Financial Services Inc grew its stake in Banco Bilbao Viscaya Argentaria by 287.9% during the 3rd quarter. Prospera Financial Services Inc now owns 85,833 shares of the bank’s stock valued at $1,652,000 after purchasing an additional 63,708 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BBVA shares. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Morgan Stanley started coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Finally, Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Down 2.7%

BBVA stock opened at $22.69 on Monday. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $11.59 and a 52-week high of $26.20. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.32. The firm has a market cap of $130.76 billion, a P/E ratio of 11.52, a PEG ratio of 0.79 and a beta of 0.80. The company’s 50-day simple moving average is $23.87 and its 200-day simple moving average is $20.99.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. As a group, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria 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.