Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 52-Week High - What's Next?

Key Points

• BBVA shares reached a new 52-week high, trading as high as $29.12 and closing around $29.03, up 0.9% from the prior close.
• Analyst sentiment remains cautious: one analyst rates the stock Buy while seven rate it Hold, resulting in a consensus rating of Hold after downgrades from Keefe, Bruyette & Woods and Bank of America.
• BBVA reported quarterly EPS of $0.62 on $11.99 billion in revenue, with an 18.05% return on equity and 27.75% net margin; analysts expect full-year EPS of $2.37.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.12 and last traded at $29.0270, with a volume of 9740 shares changing hands. The stock had previously closed at $28.80.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BBVA. Keefe, Bruyette & Woods downgraded shares of Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 12th. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Finally, UBS Group restated a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Up 0.9%

The firm has a market capitalization of $165.82 billion, a PE ratio of 13.18, a PEG ratio of 0.77 and a beta of 0.80. The company has a fifty day moving average price of $25.84 and a 200-day moving average price of $23.71. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The firm had revenue of $11.99 billion during the quarter. As a group, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several institutional investors have recently bought and sold shares of BBVA. Bank of America Corp DE increased its holdings 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 worth $142,760,000 after buying an additional 2,034,318 shares during the last quarter. Barclays PLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% in the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank's stock valued at $84,306,000 after acquiring an additional 3,428,336 shares during the last quarter. Royal Bank of Canada grew its position in Banco Bilbao Viscaya Argentaria by 42.1% in the fourth quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank's stock worth $34,539,000 after acquiring an additional 439,098 shares in the last quarter. Quantinno Capital Management LP grew its position in 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 acquiring an additional 231,330 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank's stock worth $18,640,000 after acquiring an additional 326,367 shares during the last quarter. 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.

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