Charles Schwab Investment Management Inc. Has $7.18 Million Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Banco Bilbao Viscaya Argentaria S.A. by 18.4% during the 1st quarter, bringing its holdings to 527,001 shares valued at approximately $7.18 million.
• Other institutional investors, including Northern Trust Corp and Millennium Management LLC, have also significantly boosted their positions in BBVA, indicating growing confidence in the bank.
• Banco Bilbao Viscaya Argentaria recently reported higher-than-expected quarterly earnings of $0.52 per share, surpassing analysts' expectations of $0.47.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 18.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 527,001 shares of the bank's stock after purchasing an additional 82,040 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $7,178,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BBVA. Beverly Hills Private Wealth LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 3.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock worth $301,000 after purchasing an additional 740 shares during the period. Manchester Capital Management LLC raised its position in Banco Bilbao Viscaya Argentaria by 19.2% in the 1st quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after buying an additional 748 shares during the last quarter. Bessemer Group Inc. raised its position in Banco Bilbao Viscaya Argentaria by 25.3% in the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after buying an additional 787 shares during the last quarter. First Affirmative Financial Network raised its position in Banco Bilbao Viscaya Argentaria by 6.2% in the 1st quarter. First Affirmative Financial Network now owns 16,881 shares of the bank's stock valued at $230,000 after buying an additional 979 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Banco Bilbao Viscaya Argentaria by 3.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank's stock valued at $474,000 after buying an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BBVA. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Down 0.1%

Banco Bilbao Viscaya Argentaria stock traded down $0.03 during trading hours on Friday, hitting $18.13. The stock had a trading volume of 860,882 shares, compared to its average volume of 1,532,546. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $9.23 and a one year high of $19.39. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market cap of $105.81 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.42 and a beta of 1.12. The business's 50 day simple moving average is $16.59 and its 200-day simple moving average is $14.93.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate 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, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Company Profile

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.