NewEdge Advisors LLC Grows Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• NewEdge Advisors LLC has increased its holdings in Banco Bilbao Viscaya Argentaria S.A. by 47.3%, acquiring an additional 57,113 shares during the first quarter.
• Banco Bilbao Viscaya Argentaria reported $0.52 earnings per share for the quarter, exceeding analysts' expectations of $0.47.
• Barclays upgraded the bank's shares from an "equal weight" to an "overweight" rating, reflecting positive momentum in the stock's performance.

NewEdge Advisors LLC boosted its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 47.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,823 shares of the bank's stock after purchasing an additional 57,113 shares during the quarter. NewEdge Advisors LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $2,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Clark Capital Management Group Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 6.6% in the 1st quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock worth $75,978,000 after purchasing an additional 347,564 shares during the period. AQR Capital Management LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 103.0% during the 1st quarter. AQR Capital Management LLC now owns 125,927 shares of the bank's stock valued at $1,715,000 after acquiring an additional 63,880 shares during the last quarter. Aprio Wealth Management LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 20.8% during the 1st quarter. Aprio Wealth Management LLC now owns 21,436 shares of the bank's stock valued at $292,000 after acquiring an additional 3,686 shares during the last quarter. Focus Partners Advisor Solutions LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 48.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 33,973 shares of the bank's stock valued at $463,000 after acquiring an additional 11,013 shares during the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 159.1% during the 1st quarter. Vident Advisory LLC now owns 447,780 shares of the bank's stock valued at $6,099,000 after acquiring an additional 274,958 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 0.3%

NYSE:BBVA traded down $0.05 during midday trading on Tuesday, hitting $19.18. 1,166,532 shares of the company traded hands, compared to its average volume of 1,187,699. The firm's fifty day moving average is $17.38 and its 200-day moving average is $15.41. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $19.39. The firm has a market capitalization of $111.97 billion, a P/E ratio of 10.09, a P/E/G ratio of 1.02 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.24 billion. On average, sell-side analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.