Acadian Asset Management LLC Has $1.38 Million Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Acadian Asset Management LLC significantly increased its stake in Banco Bilbao Viscaya Argentaria S.A. by 889.4% during the first quarter, acquiring a total of 101,455 shares valued at approximately $1.38 million.
• Banco Bilbao Viscaya Argentaria reported quarterly earnings of $0.52 per share, exceeding analysts' expectations of $0.47, with a net margin of 29.17% and revenue of $10.30 billion.
• Analysts have mixed ratings on the stock, with Barclays upgrading it to "overweight", while other reports suggest a consensus rating of "Buy."

Acadian Asset Management LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 889.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,455 shares of the bank's stock after buying an additional 91,201 shares during the quarter. Acadian Asset Management LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $1,381,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management purchased a new position in Banco Bilbao Viscaya Argentaria during the 1st quarter worth $29,000. Private Trust Co. NA grew its position in Banco Bilbao Viscaya Argentaria by 224.7% during the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock worth $36,000 after purchasing an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at about $46,000. Bessemer Group Inc. boosted its holdings in shares of 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 in the last quarter. Finally, Manchester Capital Management LLC boosted its holdings in shares of 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 in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in 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, 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Up 1.1%

BBVA traded up $0.21 during trading on Friday, hitting $19.33. 1,031,453 shares of the company's stock were exchanged, compared to its average volume of 1,241,107. The stock has a 50 day moving average price of $17.60 and a 200 day moving average price of $15.51. The firm has a market cap of $112.85 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $19.41.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted 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. The company had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. As a group, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS 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.