Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus is “Hold”: Seven of eight covering firms rate BBVA as a hold, while one recommends buying. Recent actions included downgrades by Keefe, Bruyette & Woods and Bank of America.
• BBVA shares are near a 52-week high: The stock opened at $28.70, compared with a 52-week range of $17.77 to $28.93, and is trading above its 50-day and 200-day moving averages.
• Recent quarterly results were solid: BBVA reported quarterly EPS of $0.62 on $11.99 billion in revenue, with an 18.05% return on equity and a 27.75% net margin. Institutional investors and hedge funds own 2.96% of the shares.

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) have received an average rating of "Hold" from the eight research firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

BBVA has been the subject of several analyst reports. UBS Group reissued a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. 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. Finally, Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a report on Wednesday, July 15th.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Large investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $26,000. Root Financial Partners LLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock valued at $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $27,000. Harbour Investments Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock valued at $29,000 after acquiring an additional 575 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its stake 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 worth $30,000 after acquiring an additional 440 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of NYSE:BBVA opened at $28.70 on Monday. The firm's 50 day simple moving average is $25.71 and its 200 day simple moving average is $23.69. The company has a market capitalization of $163.83 billion, a price-to-earnings ratio of 13.04, a P/E/G ratio of 0.77 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $17.77 and a fifty-two week high of $28.93. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. As a group, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.37 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.

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