LVW Advisors LLC Makes New $340,000 Investment in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• LVW Advisors LLC made a new investment of approximately $340,000 in Banco Bilbao Viscaya Argentaria S.A., acquiring 22,109 shares in the second quarter.
• Brokerage ratings for Banco Bilbao Viscaya Argentaria vary, with one analyst assigning a Strong Buy rating, while others have shifted from "buy" to "hold."
• The bank reported strong earnings, with $0.52 earnings per share, exceeding analysts' expectations of $0.47, and a revenue of $10.30 billion.

LVW Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,109 shares of the bank's stock, valued at approximately $340,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 105.9% in the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank's stock valued at $28,000 after acquiring an additional 949 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at about $29,000. Private Trust Co. NA raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 224.7% in the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock valued at $36,000 after buying an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at about $46,000. Finally, Bessemer Group Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 25.3% in the first 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. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BBVA. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Up 2.7%

NYSE BBVA opened at $19.29 on Friday. The stock has a market capitalization of $112.61 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.02 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 $19.41. The firm has a 50-day moving average price of $18.02 and a 200 day moving average price of $15.70. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. Equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria 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.

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