NewEdge Advisors LLC Boosts Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• NewEdge Advisors increased its BBVA position by 48.5% in the second quarter, acquiring 73,417 additional shares for a total of 224,896 shares valued at approximately $5.64 million.
• BBVA reported quarterly earnings of $0.62 per share on $11.99 billion in revenue, with a 27.75% net margin and 18.05% return on equity. Analysts expect full-year EPS of $2.42.
• BBVA shares opened at $29.09, near their 52-week high of $29.64, while analyst sentiment remains cautious: the stock carries an overall “Hold” rating, with one Buy and seven Hold recommendations.

NewEdge Advisors LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 48.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,896 shares of the bank's stock after buying an additional 73,417 shares during the quarter. NewEdge Advisors LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $5,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the 4th quarter worth $26,000. Root Financial Partners LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 59.6% during the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock valued at $27,000 after purchasing an additional 426 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at about $27,000. Harbour Investments Inc. grew its position in shares of Banco Bilbao Viscaya Argentaria by 84.1% in the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock valued at $29,000 after purchasing an additional 575 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $29.09 on Tuesday. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $17.90 and a 52-week high of $29.64. The firm has a market capitalization of $162.32 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 0.78 and a beta of 0.80. The company has a fifty day simple moving average of $27.71 and a 200-day simple moving average of $24.40. 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 (NYSE:BBVA - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $11.99 billion for 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 anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Banco Bilbao Viscaya Argentaria

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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