Advisors Preferred LLC Acquires Shares of 25,407 Banco Bilbao Viscaya Argentaria S.A. $BBVA

Advisors Preferred LLC acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,407 shares of the bank’s stock, valued at approximately $488,000.

Other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 103.0% in the 1st quarter. AQR Capital Management LLC now owns 125,927 shares of the bank’s stock valued at $1,715,000 after buying an additional 63,880 shares in the last quarter. Jane Street Group LLC raised its stake in Banco Bilbao Viscaya Argentaria by 104.6% during the first quarter. Jane Street Group LLC now owns 181,639 shares of the bank’s stock worth $2,474,000 after acquiring an additional 92,843 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 4.3% during 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. Sivia Capital Partners LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 9.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 24,063 shares of the bank’s stock valued at $370,000 after purchasing an additional 2,090 shares in the last quarter. Finally, Freedom Investment Management Inc. bought a new stake in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter worth about $682,000. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA stock opened at $23.51 on Friday. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $11.59 and a 1 year high of $26.20. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.32. The firm’s 50 day moving average is $23.96 and its 200-day moving average is $21.18. The firm has a market capitalization of $135.48 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.82 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The business had revenue of $11.49 billion during the quarter, compared to analyst estimates of $10.74 billion. Sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BBVA. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada cut shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Finally, Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.