Rathbones Group PLC Purchases Shares of 67,109 Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Key Points

• Rathbones Group PLC acquired a new stake in Banco Bilbao Viscaya Argentaria S.A., buying 67,109 shares valued at approximately $914,000 in Q1.
• Other institutional investors also increased their holdings in BBVA, with Bessemer Group Inc. raising its stake by 25.3% during the same period.
• BBVA reported a quarterly earnings per share of $0.52, beating estimates, and has a market cap of $109.29 billion.

Rathbones Group PLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 67,109 shares of the bank's stock, valued at approximately $914,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Beverly Hills Private Wealth LLC raised its stake in Banco Bilbao Viscaya Argentaria by 3.5% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock valued at $301,000 after acquiring an additional 740 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 19.2% during the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after purchasing an additional 748 shares during the period. Bessemer Group Inc. raised its stake in shares of 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 purchasing an additional 787 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of Banco Bilbao Viscaya Argentaria by 6.2% during the first quarter. First Affirmative Financial Network now owns 16,881 shares of the bank's stock valued at $230,000 after purchasing an additional 979 shares in the last quarter. 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 worth $474,000 after purchasing an additional 1,222 shares during the period. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on BBVA. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th.

Banco Bilbao Viscaya Argentaria Stock Up 1.8%

Shares of BBVA stock opened at $18.72 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $18.76. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The business's fifty day moving average is $15.72 and its 200-day moving average is $14.33. The stock has a market cap of $109.29 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.44 and a beta of 1.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its 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 business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. Equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Company 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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