Sowell Financial Services LLC Takes $244,000 Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Sowell Financial Services LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 17,907 shares of the bank's stock, valued at approximately $244,000.

Other hedge funds have also added to or reduced their stakes in the company. CogentBlue Wealth Advisors LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at $175,000. Ritholtz Wealth Management increased its stake in Banco Bilbao Viscaya Argentaria by 2.6% in the first quarter. Ritholtz Wealth Management now owns 478,174 shares of the bank's stock valued at $6,513,000 after acquiring an additional 11,974 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Banco Bilbao Viscaya Argentaria by 3.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank's stock valued at $474,000 after purchasing an additional 1,222 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the first quarter worth $209,000. Finally, Simon Quick Advisors LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the first quarter worth $199,000. Institutional investors and hedge funds own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA stock opened at $14.91 on Monday. The stock has a market cap of $87.01 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 1.55 and a beta of 1.08. The company has a 50 day simple moving average of $14.62 and a 200 day simple moving average of $12.85. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $15.67.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BBVA. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Kepler Capital Markets raised Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus 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.

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