Penserra Capital Management LLC Takes Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Penserra Capital Management LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,088 shares of the bank's stock, valued at approximately $246,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BBVA. Alpine Bank Wealth Management bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $29,000. Huntington National Bank increased its holdings in Banco Bilbao Viscaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank's stock valued at $35,000 after buying an additional 1,778 shares during the period. Private Trust Co. NA increased its holdings in Banco Bilbao Viscaya Argentaria by 224.7% during 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. increased its holdings in Banco Bilbao Viscaya Argentaria by 25.3% during 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. Finally, Wayfinding Financial LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $72,000. Institutional investors own 2.96% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday. Two equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Down 3.2%

Shares of BBVA stock opened at $15.06 on Friday. The business's fifty day simple moving average is $15.10 and its 200-day simple moving average is $13.37. The company has a market cap of $87.92 billion, a PE ratio of 7.97, a PEG ratio of 1.54 and a beta of 1.06. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $16.00.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. The business had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $9.12 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. On average, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share 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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