Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 52-Week High - Here's What Happened

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $15.72 and last traded at $15.63, with a volume of 1887083 shares traded. The stock had previously closed at $15.40.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. One research analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Up 2.3%

The stock has a market cap of $92.01 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. The firm's 50 day simple moving average is $14.96 and its two-hundred day simple moving average is $13.26.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. The firm had revenue of $10.61 billion for the quarter, compared to analyst estimates of $9.12 billion. As a group, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in Banco Bilbao Viscaya Argentaria by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock valued at $111,596,000 after buying an additional 163,044 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 10.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank's stock valued at $149,020,000 after purchasing an additional 1,014,305 shares during the period. Northern Trust Corp grew its position in Banco Bilbao Viscaya Argentaria by 48.6% in the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock worth $72,111,000 after purchasing an additional 2,424,880 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 6.6% in the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock valued at $75,978,000 after purchasing an additional 347,564 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 13.7% during the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock valued at $49,654,000 after buying an additional 613,563 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.

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