Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 42.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,518 shares of the bank’s stock after buying an additional 27,057 shares during the period. CIBC Asset Management Inc’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,762,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Navigoe LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the second quarter worth about $30,000. Salomon & Ludwin LLC boosted its position in Banco Bilbao Viscaya Argentaria by 2,989.5% in the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after buying an additional 2,272 shares during the last quarter. AlphaCore Capital LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the 2nd quarter worth approximately $74,000. Finally, Richardson Financial Services Inc. raised its position in Banco Bilbao Viscaya Argentaria by 63.1% during the 3rd quarter. Richardson Financial Services Inc. now owns 5,042 shares of the bank’s stock worth $97,000 after buying an additional 1,950 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $25.14 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $10.77 and a 12 month high of $26.14. The stock has a market capitalization of $144.86 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.91 and a beta of 0.82. The business has a 50 day simple moving average of $23.10 and a 200-day simple moving average of $20.16.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. On average, equities research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BBVA. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Morgan Stanley assumed coverage on Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They issued an “equal weight” rating for the company. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus rating of “Moderate Buy”.

About Banco Bilbao Viscaya Argentaria

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.