Cetera Investment Advisers Boosts Stock Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Key Points

• Cetera Investment Advisers increased its holdings in Banco Bilbao Viscaya Argentaria S.A. by 8.0%, acquiring an additional 16,408 shares during the 1st quarter, bringing their total shares to 222,327 valued at approximately $3,028,000.
• Wall Street analyst firm Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria's stock rating from "buy" to "hold" on July 12th.
• The bank's recent quarterly earnings report showed an EPS of $0.52, exceeding analyst estimates by $0.05, with total revenue of $10.30 billion compared to expectations of $10.24 billion.

Cetera Investment Advisers lifted its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 222,327 shares of the bank's stock after purchasing an additional 16,408 shares during the quarter. Cetera Investment Advisers' holdings in Banco Bilbao Viscaya Argentaria were worth $3,028,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Banco Bilbao Viscaya Argentaria by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock valued at $111,596,000 after buying an additional 163,044 shares in the last quarter. Northern Trust Corp raised its position in Banco Bilbao Viscaya Argentaria by 48.6% during the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after purchasing an additional 2,424,880 shares in the last quarter. Bank of America Corp DE raised its position in Banco Bilbao Viscaya Argentaria by 13.7% during the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock valued at $49,654,000 after purchasing an additional 613,563 shares in the last quarter. Symmetry Investments LP bought a new stake in Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $27,647,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 5.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank's stock worth $17,659,000 after purchasing an additional 71,217 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Trading Up 2.5%

NYSE BBVA traded up $0.46 during trading on Friday, hitting $18.58. 2,061,260 shares of the company's stock traded hands, compared to its average volume of 2,054,442. The stock has a fifty day moving average of $15.51 and a two-hundred day moving average of $14.17. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $18.64. The firm has a market cap of $108.44 billion, a P/E ratio of 9.78, a PEG ratio of 1.42 and a beta of 1.12. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.22.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on BBVA. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria presently 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.