Redhawk Wealth Advisors Inc. Makes New Investment in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Redhawk Wealth Advisors Inc. has acquired 56,479 shares of Banco Bilbao Viscaya Argentaria S.A. (BBVA), valued at approximately $868,000, marking their new stake in the bank's stock.
• Several institutional investors have increased their holdings in BBVA, including Private Trust Co. NA, which raised its position by 224.7% in the first quarter.
• Analysts' ratings on BBVA vary, with Barclays upgrading it to an "overweight" rating, while others have given it an average rating of "Buy."

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 56,479 shares of the bank's stock, valued at approximately $868,000.

Several other large investors have also recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its position 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 buying an additional 1,014,305 shares in the last quarter. Millennium Management LLC raised its position in Banco Bilbao Viscaya Argentaria by 514.5% in the 4th quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock valued at $9,247,000 after purchasing an additional 796,526 shares in the last quarter. Clark Capital Management Group Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.6% in the 1st quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock valued at $75,978,000 after acquiring an additional 347,564 shares during the last quarter. Lesa Sroufe & Co acquired a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth approximately $4,261,000. Finally, Vident Advisory LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 159.1% in the first quarter. Vident Advisory LLC now owns 447,780 shares of the bank's stock valued at $6,099,000 after buying an additional 274,958 shares in the last quarter. Institutional investors own 2.96% of the company's stock.

Wall Street Analyst Weigh In

BBVA has been the subject of several research analyst reports. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Down 2.5%

BBVA traded down $0.49 during trading on Monday, reaching $18.83. 749,687 shares of the stock traded hands, compared to its average volume of 2,184,534. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $19.41. The stock has a market capitalization of $109.90 billion, a PE ratio of 9.90, a P/E/G ratio of 1.02 and a beta of 1.20. The stock's 50-day moving average is $17.60 and its 200 day moving average is $15.53.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.24 billion. Equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

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.