Bank of New York Mellon Corp Purchases 252,492 Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Bank of New York Mellon Corp increased its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 59.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 673,748 shares of the bank's stock after purchasing an additional 252,492 shares during the period. Bank of New York Mellon Corp's holdings in Banco Bilbao Viscaya Argentaria were worth $9,176,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Symmetry Investments LP purchased a new position in Banco Bilbao Viscaya Argentaria during the fourth quarter worth $27,647,000. Northern Trust Corp boosted its stake 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 worth $72,111,000 after buying an additional 2,424,880 shares during the period. Millennium Management LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 514.5% during the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock worth $9,247,000 after buying an additional 796,526 shares during the period. Raymond James Financial Inc. purchased a new position in Banco Bilbao Viscaya Argentaria during the fourth quarter worth $7,333,000. Finally, Bank of America Corp DE boosted its stake 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 worth $49,654,000 after buying an additional 613,563 shares during the period. Institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Trading Up 1.4%

Shares of BBVA traded up $0.22 during trading hours on Friday, reaching $15.45. 1,631,335 shares of the company traded hands, compared to its average volume of 2,413,711. The firm has a market cap of $90.17 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 1.19 and a beta of 1.06. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $16.00. The stock's fifty day moving average price is $15.19 and its 200 day moving average price is $13.74.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.47. The firm had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. On average, research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Two analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company 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.