158,827 Shares in Banco Bilbao Viscaya Argentaria S.A. $BBVA Purchased by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management initiated a new position in Banco Bilbao Viscaya Argentaria during the first quarter, buying 158,827 shares valued at about $3.44 million.
• Other institutional investors also increased their BBVA exposure, including Barclays, Bank of America, Millennium Management, Tudor Investment, and Royal Bank of Canada, with 2.96% of the stock now owned by institutions.
• BBVA’s stock was trading at $25.19, near its 52-week high of $26.40, while the company recently reported $0.59 EPS for the quarter and analysts currently average a Hold rating on the shares.

Boston Common Asset Management LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 158,827 shares of the bank's stock, valued at approximately $3,440,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Barclays PLC grew its holdings in Banco Bilbao Viscaya Argentaria by 1,819.7% during the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank's stock valued at $84,306,000 after buying an additional 3,428,336 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the second 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 in the last quarter. Millennium Management LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 373.4% during the third quarter. Millennium Management LLC now owns 768,243 shares of the bank's stock worth $14,789,000 after acquiring an additional 605,947 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Banco Bilbao Viscaya Argentaria by 532.8% during the fourth quarter. Tudor Investment Corp ET AL now owns 536,417 shares of the bank's stock worth $12,504,000 after acquiring an additional 451,650 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Banco Bilbao Viscaya Argentaria by 42.1% during the fourth quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank's stock valued at $34,539,000 after acquiring an additional 439,098 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA stock opened at $25.19 on Monday. The firm has a fifty day moving average price of $23.79 and a 200 day moving average price of $23.25. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $14.63 and a fifty-two week high of $26.40. The firm has a market cap of $143.80 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.71 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The company had revenue of $12.33 billion for the quarter. On average, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on BBVA shares. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Barclays lowered Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 15th. UBS Group reaffirmed a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered Banco Bilbao Viscaya Argentaria from a "buy (b+)" rating to a "buy (b)" rating in a research note 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 company's stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria has an average rating of "Hold".

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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