Ballentine Partners LLC Purchases 18,922 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Ballentine Partners LLC increased its holdings in Banco Bilbao Viscaya Argentaria S.A. by 46.6%, acquiring an additional 18,922 shares in the second quarter, bringing their total ownership to 59,520 shares worth approximately $915,000.
• A mix of institutional investors have been actively buying and selling shares of BBVA, with significant increases in stakes among firms like Private Trust Co. NA and Bessemer Group Inc..
• BBVA shares recently saw a 2.5% drop with current trading price at $18.81, while the bank reported a quarterly earnings of $0.52 per share, exceeding analyst expectations.

Ballentine Partners LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 46.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,520 shares of the bank's stock after acquiring an additional 18,922 shares during the period. Ballentine Partners LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in BBVA. Alpine Bank Wealth Management purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $29,000. Private Trust Co. NA raised its stake 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 buying an additional 1,804 shares in the last quarter. 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 worth $53,000 after buying an additional 787 shares during the period. Finally, Manchester Capital Management LLC boosted its position 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 acquiring an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BBVA shares. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Down 2.5%

Shares of NYSE:BBVA opened at $18.81 on Friday. The business's 50-day moving average is $17.93 and its 200 day moving average is $15.65. 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 S.A. has a 1 year low of $9.23 and a 1 year high of $19.41. The firm has a market capitalization of $109.78 billion, a P/E ratio of 9.90, a P/E/G ratio of 1.02 and a beta of 1.20.

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 analysts' consensus estimates of $0.47 by $0.05. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. On average, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

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.

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