Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.86 and traded as high as $29.18. Banco Bilbao Viscaya Argentaria shares last traded at $28.96, with a volume of 800,982 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on BBVA shares. Bank of America cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a report on Wednesday, July 15th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Finally, Keefe, Bruyette & Woods lowered shares of Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".
Read Our Latest Analysis on Banco Bilbao Viscaya Argentaria
Banco Bilbao Viscaya Argentaria Stock Performance
The firm's 50 day simple moving average is $26.86 and its 200-day simple moving average is $23.99. The company has a market capitalization of $161.63 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.76 and a beta of 0.80. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06.
Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The business had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. Analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 EPS for the current year.
Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria
A number of large investors have recently made changes to their positions in BBVA. Greenspring Advisors LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 3.3% during the second quarter. Greenspring Advisors LLC now owns 11,065 shares of the bank's stock worth $277,000 after purchasing an additional 351 shares during the period. Root Financial Partners LLC lifted its position in Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock worth $27,000 after buying an additional 426 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 3.6% during the 2nd quarter. Greenleaf Trust now owns 12,315 shares of the bank's stock valued at $309,000 after buying an additional 432 shares during the period. Jain Global LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 0.9% during the 4th quarter. Jain Global LLC now owns 52,925 shares of the bank's stock valued at $1,234,000 after acquiring an additional 473 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 4.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 14,304 shares of the bank's stock valued at $220,000 after acquiring an additional 563 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.
About Banco Bilbao Viscaya Argentaria
(
Get Free Report)
Banco Bilbao Vizcaya Argentaria NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain's largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.
BBVA's core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.
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