Vident Advisory LLC Has $6.10 Million Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Vident Advisory LLC significantly increased its stake in Banco Bilbao Viscaya Argentaria S.A. by 159.1%, owning 447,780 shares valued at approximately $6,099,000.
• Banco Bilbao Viscaya Argentaria received mixed analyst ratings, with Barclays upgrading it to "overweight", while Wall Street Zen downgraded it to a "hold".
• The company's stock is currently priced at $18.13, with a market capitalization of $105.81 billion and a P/E ratio of 9.54.

Vident Advisory LLC increased its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 159.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 447,780 shares of the bank's stock after acquiring an additional 274,958 shares during the quarter. Vident Advisory LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $6,099,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BBVA. Beverly Hills Private Wealth LLC lifted its position in Banco Bilbao Viscaya Argentaria by 3.5% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock worth $301,000 after buying an additional 740 shares during the last quarter. Manchester Capital Management LLC lifted its position in Banco Bilbao Viscaya Argentaria by 19.2% in 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 last quarter. Bessemer Group Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 25.3% in 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 during the last quarter. First Affirmative Financial Network lifted its position in Banco Bilbao Viscaya Argentaria by 6.2% in 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 during the last quarter. Finally, Evergreen Capital Management LLC lifted its position in Banco Bilbao Viscaya Argentaria by 2.1% in the first quarter. Evergreen Capital Management LLC now owns 49,423 shares of the bank's stock valued at $673,000 after purchasing an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Stock Up 2.1%

Banco Bilbao Viscaya Argentaria stock traded up $0.39 during mid-day trading on Thursday, hitting $18.38. 446,542 shares of the company's stock were exchanged, compared to its average volume of 2,259,771. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $19.39. The stock has a 50 day moving average of $16.77 and a two-hundred day moving average of $15.03. The stock has a market cap of $107.27 billion, a P/E ratio of 9.68, a P/E/G ratio of 1.42 and a beta of 1.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on BBVA. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock 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.