Synovus Financial Corp Makes New Investment in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Synovus Financial Corp has made a new investment of approximately $2.20 million in Banco Bilbao Viscaya Argentaria S.A. by acquiring 161,339 shares.
• Beverly Hills Private Wealth LLC, Manchester Capital Management LLC, and Bessemer Group Inc. are among several other investors that have increased their holdings in Banco Bilbao Viscaya Argentaria during the first quarter.
• The stock recently traded at $18.65, with a 12-month range between $9.23 and $19.39, and the most recent earnings report showed an EPS of $0.52, exceeding analysts' expectations.

Synovus Financial Corp bought a new stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 161,339 shares of the bank's stock, valued at approximately $2,197,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Banco Bilbao Viscaya Argentaria by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock valued at $111,596,000 after purchasing an additional 163,044 shares in the last quarter. Northern Trust Corp boosted its position in shares of Banco Bilbao Viscaya Argentaria by 48.6% during the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after purchasing an additional 2,424,880 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Banco Bilbao Viscaya Argentaria by 13.7% during the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock valued at $49,654,000 after purchasing an additional 613,563 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 6.2% during the 1st quarter. American Century Companies Inc. now owns 2,364,451 shares of the bank's stock valued at $32,204,000 after purchasing an additional 137,602 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 5.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 1,296,544 shares of the bank's stock valued at $17,659,000 after purchasing an additional 71,217 shares in the last quarter. Institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Stock Up 1.1%

Shares of BBVA stock traded up $0.20 during trading hours on Thursday, reaching $18.16. The company had a trading volume of 1,190,220 shares, compared to its average volume of 1,604,069. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $19.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The business has a fifty day simple moving average of $16.52 and a 200-day simple moving average of $14.87. The company has a market cap of $105.99 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 1.41 and a beta of 1.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating 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. On average, research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus rating of "Buy".

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.