Walleye Capital LLC Purchases Shares of 140,789 Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Walleye Capital LLC has acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (BBVA), purchasing 140,789 shares valued at approximately $1.9 million during the first quarter.
• Several institutional investors increased their holdings in Banco Bilbao Viscaya Argentaria, with Beverly Hills Private Wealth LLC and Manchester Capital Management LLC both boosting their positions by 3.5% and 19.2%, respectively.
• Banco Bilbao Viscaya Argentaria reported earnings per share of $0.52 for the last quarter, exceeding expectations, and analysts forecast a consensus Buy rating for the stock.

Walleye Capital LLC purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 140,789 shares of the bank's stock, valued at approximately $1,918,000.

Other hedge funds have also made changes to their positions in the company. Alpine Bank Wealth Management purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at $29,000. Private Trust Co. NA increased its position in shares of Banco Bilbao Viscaya Argentaria by 224.7% in 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 in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at $46,000. Bessemer Group Inc. increased its position in shares of 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 buying an additional 787 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position in shares of 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 buying an additional 748 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock traded down $0.03 during midday trading on Monday, reaching $18.13. 860,882 shares of the company were exchanged, compared to its average volume of 1,493,124. The company has a market capitalization of $105.81 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.42 and a beta of 1.20. The firm's 50-day simple moving average is $16.59 and its 200-day simple moving average is $14.95. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $9.23 and a 1 year high of $19.39. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating the consensus estimate 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 return on equity of 17.61% and a net margin of 29.17%. On average, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analyst Upgrades and Downgrades

BBVA has been the subject of a number of research analyst reports. 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 report on Saturday, July 12th. One equities 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, the company presently has an average rating of "Buy".

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.