Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Acquired by AlphaCore Capital LLC

AlphaCore Capital LLC boosted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 702.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,801 shares of the bank’s stock after buying an additional 33,966 shares during the quarter. AlphaCore Capital LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE grew its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% during 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 buying an additional 2,034,318 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 17.1% in the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock valued at $67,247,000 after acquiring an additional 637,519 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock valued at $69,909,000 after purchasing an additional 467,226 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 1,198.6% during the second quarter. Assetmark Inc. now owns 491,502 shares of the bank’s stock valued at $7,554,000 after purchasing an additional 453,654 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of Banco Bilbao Viscaya Argentaria by 612.4% during the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock worth $7,922,000 after purchasing an additional 443,092 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Banco Bilbao Viscaya Argentaria Stock Down 2.4%

Shares of Banco Bilbao Viscaya Argentaria stock opened at $23.10 on Friday. The business has a fifty day simple moving average of $24.04 and a 200-day simple moving average of $21.35. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $11.59 and a fifty-two week high of $26.20. The firm has a market cap of $133.10 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.59 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 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $11.49 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. Analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

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.