Banco Bilbao Viscaya Argentaria S.A. $BBVA Stock Holdings Lifted by Assetmark Inc.

Assetmark Inc. lifted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 4.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 543,322 shares of the bank’s stock after acquiring an additional 23,866 shares during the quarter. Assetmark Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $11,768,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter worth about $26,000. Root Financial Partners LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the first quarter worth approximately $27,000. Harbour Investments Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after purchasing an additional 575 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in Banco Bilbao Viscaya Argentaria by 50.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BBVA. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Barclays downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Bank of America cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

Banco Bilbao Viscaya Argentaria stock opened at $25.14 on Tuesday. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $14.63 and a 52 week high of $26.40. The firm has a market capitalization of $143.49 billion, a PE ratio of 11.97, a PEG ratio of 0.71 and a beta of 0.80. The business’s 50-day simple moving average is $23.86 and its 200-day simple moving average is $23.26.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%.The company had revenue of $12.33 billion during the quarter. Research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 earnings per share for the current 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.