Raymond James & Associates Increases Share Position in Banco Bilbao Vizcaya Argentaria, SA (NYSE:BBVA)

Raymond James & Associates raised its stake in shares of Banco Bilbao Vizcaya Argentaria, SA (NYSE:BBVA – Free Report) by 266.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. (Securities and Exchange Commission) (SEC). The firm owned 406,418 shares of the bank’s stock after buying an additional 295,378 shares during the quarter. Raymond James & Associates’ holdings in Banco Bilbao Vizcaya Argentaria were worth $4,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. BSW Wealth Partners lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 4.2% in the first quarter. BSW Wealth Partners now owns 23,158 shares of the bank’s stock worth $274,000 after purchasing an additional 923 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 20.9% in the first quarter. GAMMA Investing LLC now owns 5,754 shares of the bank’s stock worth $68,000 after buying an additional 996 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 6.6% in the first quarter. Moloney Securities Asset Management LLC now owns 16,192 shares of the bank’s stock worth $192,000 after buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 8.2% during the fourth quarter. Parallel Advisors LLC now owns 14,111 shares of the bank’s stock worth $129,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 2.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 51,444 shares of the bank’s stock worth $469,000 after buying an additional 1,072 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate-buy” rating in a research report on Wednesday, July 31st. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Finally, BNP Paribas cut shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Read the latest stock analysis on Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria stocks rose 0.8%

Shares of NYSE:BBVA opened at $10.65 on Friday. The company’s 50-day moving average price is $10.32 and its 200-day moving average price is $10.61. The stock has a market cap of $62.14 billion, a price-to-earnings ratio of 7.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. Banco Bilbao Vizcaya Argentaria, SA has a fifty-two week low of $7.41 and a fifty-two week high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Free Report ) last issued its earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 27.55% and a return on equity of 22.05%. During the same period last year, the business earned $0.36 EPS. On average, equities analysts anticipate that Banco Bilbao Vizcaya Argentaria, SA will post 1.65 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Profile

(Free report)

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 accounts, demand deposits and term deposits; and loan products such as residential mortgages, other household loans, credit card loans, corporate and public sector loans, and consumer finance.

Further reading

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