NewEdge Advisors LLC Acquires 57,113 Shares of 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 increased its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA lifted its holdings in 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 period. Bessemer Group Inc. lifted its holdings in 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 period. Elevation Point Wealth Partners LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at $209,000. GAMMA Investing LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 48.5% in the first quarter. GAMMA Investing LLC now owns 16,135 shares of the bank's stock valued at $220,000 after buying an additional 5,269 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 3.6% in the first 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 period. Institutional investors and hedge funds own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE:BBVA opened at $18.88 on Thursday. 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 S.A. has a twelve month low of $9.23 and a twelve month high of $19.39. The stock's 50 day moving average is $17.10 and its 200-day moving average is $15.23. The firm has a market capitalization of $110.19 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 1.44 and a beta of 1.20.

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 for the quarter, topping analysts' consensus estimates 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. Sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BBVA shares. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One 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 company's stock. According to data from MarketBeat.com, the stock has an average 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.

Want to see what other hedge funds are holding BBVA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.