Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Raised to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Free Report) from a hold rating to a buy rating in a research note published on Saturday morning.

Banco Bilbao Viscaya Argentaria Stock Down 1.0%

BBVA stock traded down $0.15 during midday trading on Friday, reaching $15.22. 1,386,583 shares of the company's stock traded hands, compared to its average volume of 1,898,579. The company has a 50-day simple moving average of $14.85 and a two-hundred day simple moving average of $13.08. Banco Bilbao Viscaya Argentaria has a 1-year low of $9.23 and a 1-year high of $15.67. The company has a market cap of $88.85 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 1.52 and a beta of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $10.61 billion during the quarter, compared to analysts' expectations of $9.12 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. Equities research analysts forecast that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of hedge funds and other institutional investors have recently made changes to their positions in BBVA. Focus Partners Wealth boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 4.3% in the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock valued at $244,000 after buying an additional 732 shares during the last quarter. Beverly Hills Private Wealth LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 3.5% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock valued at $301,000 after purchasing an additional 740 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 19.2% during the 1st quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock worth $63,000 after purchasing an additional 748 shares in the last quarter. Bessemer Group Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock worth $53,000 after buying an additional 787 shares in the last quarter. Finally, HighPoint Advisor Group LLC increased its stake in Banco Bilbao Viscaya Argentaria by 4.3% in the fourth quarter. HighPoint Advisor Group LLC now owns 20,975 shares of the bank's stock valued at $204,000 after acquiring an additional 862 shares during the last quarter. 2.96% of the stock is owned by institutional investors.

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.