Russell Investments Group Ltd. Has $689,000 Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Russell Investments Group Ltd. increased its stake in Banco Bilbao Viscaya Argentaria S.A. by 56.2%, now holding 50,597 shares worth approximately $689,000.
• Several institutional investors, including Northern Trust Corp and Bank of America Corp DE, also raised their holdings significantly in the bank's stock during recent quarters.
• Banco Bilbao Viscaya Argentaria's stock recently opened at $18.13, and the company reported earnings per share of $0.52 for the last quarter, exceeding analysts' expectations.

Russell Investments Group Ltd. boosted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 56.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,597 shares of the bank's stock after buying an additional 18,196 shares during the quarter. Russell Investments Group Ltd.'s holdings in Banco Bilbao Viscaya Argentaria were worth $689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its position in Banco Bilbao Viscaya Argentaria by 224.7% in 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. Bessemer Group Inc. increased its stake 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 acquiring an additional 787 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at about $209,000. GAMMA Investing LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 48.5% in the 1st quarter. GAMMA Investing LLC now owns 16,135 shares of the bank's stock valued at $220,000 after acquiring an additional 5,269 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank's stock worth $474,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE:BBVA traded down $0.17 during trading on Wednesday, reaching $17.92. The stock had a trading volume of 552,316 shares, compared to its average volume of 2,267,873. The stock has a market capitalization of $104.59 billion, a PE ratio of 9.43, a P/E/G ratio of 1.42 and a beta of 1.20. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $19.39. The business's 50-day moving average price is $16.71 and its 200 day moving average price is $15.01. 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The business had revenue of $10.30 billion during the quarter, compared to analyst estimates 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, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BBVA has been the topic of several recent research reports. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from 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.