American Century Companies Inc. Boosts Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• American Century Companies Inc. increased its stake in Banco Bilbao Viscaya Argentaria S.A. by 6.2% during the 1st quarter, owning 2,364,451 shares valued at approximately $32.20 million.
• Banco Bilbao Viscaya Argentaria recently reported $0.52 EPS for the quarter, exceeding analysts' expectations, with a net margin of 29.17% and revenue of $10.30 billion.
• Analysts have mixed ratings for Banco Bilbao Viscaya Argentaria, with Barclays upgrading the stock to "overweight", while Wall Street Zen downgraded it to a "hold". The current consensus rating remains at "Buy".

American Century Companies Inc. boosted its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,364,451 shares of the bank's stock after purchasing an additional 137,602 shares during the period. American Century Companies Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $32,204,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in Banco Bilbao Viscaya Argentaria in the first quarter worth approximately $29,000. Private Trust Co. NA raised its position in Banco Bilbao Viscaya Argentaria by 224.7% in the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock worth $36,000 after acquiring an additional 1,804 shares during the period. Cullen Frost Bankers Inc. bought a new position in Banco Bilbao Viscaya Argentaria in the first quarter worth approximately $46,000. Bessemer Group Inc. lifted its holdings 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 valued at $53,000 after purchasing an additional 787 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in 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 valued at $63,000 after buying an additional 748 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 1.3%

Shares of NYSE BBVA traded down $0.25 during midday trading on Tuesday, hitting $18.41. The company's stock had a trading volume of 1,166,345 shares, compared to its average volume of 2,299,305. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The business's 50 day moving average is $16.33 and its two-hundred day moving average is $14.78. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $19.39. The firm has a market cap of $107.45 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. As a group, equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBVA. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report 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 equities research 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 stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

About Banco Bilbao Viscaya Argentaria

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.