Engineers Gate Manager LP Purchases Shares of 39,050 Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Engineers Gate Manager LP acquired 39,050 shares of Banco Bilbao Vizcaya Argentaria during the second quarter, valued at approximately $979,000.
• BBVA shares were trading at $28.34, down 1.7%, with the stock near its 12-month high of $29.64. The bank reported quarterly EPS of $0.62, $11.99 billion in revenue, a 27.75% net margin, and an 18.05% return on equity.
• Analyst sentiment is mixed, with one Buy rating and seven Holds; MarketBeat lists the stock’s average rating as Hold.

Engineers Gate Manager LP acquired a new position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 39,050 shares of the bank's stock, valued at approximately $979,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 4.9% during the 1st quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank's stock worth $162,208,000 after acquiring an additional 352,011 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at $6,219,000. Capital Wealth Planning LLC increased its stake in Banco Bilbao Viscaya Argentaria by 54.7% in the 4th quarter. Capital Wealth Planning LLC now owns 741,337 shares of the bank's stock worth $17,785,000 after purchasing an additional 262,248 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Banco Bilbao Viscaya Argentaria by 23.3% during the 1st quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank's stock worth $26,492,000 after buying an additional 231,330 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Banco Bilbao Viscaya Argentaria during the 1st quarter worth about $4,471,000. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 1.7%

Shares of NYSE:BBVA opened at $28.34 on Friday. The firm has a fifty day moving average of $27.95 and a two-hundred day moving average of $24.54. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $17.90 and a 12-month high of $29.64. The firm has a market capitalization of $158.18 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.75 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The company had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. On average, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods downgraded Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a report on Wednesday, August 12th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Banco Bilbao Viscaya Argentaria presently has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria, SA NYSE: BBVA is a global financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, asset management, private banking, payments and insurance-related services to individuals, businesses, institutions and public-sector customers.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

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