Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Given Average Recommendation of “Hold” by Analysts

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of Banco Bilbao Viscaya Argentaria stock opened at $25.93 on Thursday. The company has a market capitalization of $148.01 billion, a PE ratio of 12.35, a P/E/G ratio of 0.73 and a beta of 0.80. The company has a 50-day simple moving average of $24.17 and a two-hundred day simple moving average of $23.32. Banco Bilbao Viscaya Argentaria has a one year low of $15.21 and a one year high of $26.40.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The business had revenue of $12.33 billion during the quarter. On average, equities analysts predict that Banco Bilbao Viscaya Argentaria will post 2.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE raised its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after purchasing an additional 2,034,318 shares during the last quarter. Barclays PLC grew its position in Banco Bilbao Viscaya Argentaria by 1,819.7% during the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after purchasing an additional 3,428,336 shares during the last quarter. Royal Bank of Canada increased its stake in Banco Bilbao Viscaya Argentaria by 42.1% during the 4th quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock valued at $34,539,000 after purchasing an additional 439,098 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 23.3% in the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after buying an additional 231,330 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 36.8% in the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock worth $18,640,000 after buying an additional 326,367 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company 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.