Arlington Capital Management Inc. Purchases Shares of 162,691 Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Arlington Capital Management Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria S.A., purchasing 162,691 shares valued at approximately $2.5 million, making it the fund's 17th largest position.
• Banco Bilbao Viscaya Argentaria's stock rose 1.4%, with a current market capitalization of $112.35 billion and a PE ratio of 10.13.
• Analysts have mixed views on the stock, with Barclays upgrading it to "overweight" while Wall Street Zen downgraded it to "hold"; the consensus rating stands at "Buy".

Arlington Capital Management Inc. purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 162,691 shares of the bank's stock, valued at approximately $2,501,000. Banco Bilbao Viscaya Argentaria accounts for approximately 2.2% of Arlington Capital Management Inc.'s portfolio, making the stock its 17th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Focus Partners Wealth lifted its holdings in Banco Bilbao Viscaya Argentaria by 4.3% in the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock valued at $244,000 after acquiring an additional 732 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 3.5% in the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock valued at $301,000 after acquiring an additional 740 shares during the period. Manchester Capital Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 19.2% in the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after acquiring an additional 748 shares during the period. UMB Bank n.a. lifted its holdings in Banco Bilbao Viscaya Argentaria by 12.8% in the second quarter. UMB Bank n.a. now owns 6,574 shares of the bank's stock valued at $101,000 after acquiring an additional 748 shares during the period. Finally, Bessemer Group Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 25.3% in the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after acquiring an additional 787 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Up 1.4%

Banco Bilbao Viscaya Argentaria stock opened at $19.24 on Thursday. The stock has a market capitalization of $112.35 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.00 and a beta of 1.20. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $19.41. The business has a 50 day simple moving average of $17.85 and a 200-day simple moving average of $15.62. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.

Want to see what other hedge funds are holding BBVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.