Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 1-Year High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $18.68 and last traded at $18.60, with a volume of 1298497 shares traded. The stock had previously closed at $18.59.

Wall Street Analyst Weigh In

BBVA has been the topic of several analyst reports. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th.

Banco Bilbao Viscaya Argentaria Trading Up 0.1%

The business has a 50-day simple moving average of $15.58 and a two-hundred day simple moving average of $14.27. The stock has a market cap of $108.60 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.46 and a beta of 1.12. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. Equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several institutional investors and hedge funds have recently made changes to their positions in BBVA. Wells Fargo & Company MN grew its position in shares of Banco Bilbao Viscaya Argentaria by 14.2% in the fourth quarter. Wells Fargo & Company MN now owns 961,610 shares of the bank’s stock valued at $9,347,000 after purchasing an additional 119,551 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Banco Bilbao Viscaya Argentaria by 38.1% in the fourth quarter. Russell Investments Group Ltd. now owns 32,401 shares of the bank’s stock valued at $315,000 after purchasing an additional 8,944 shares during the last quarter. Bank of Montreal Can grew its position in shares of Banco Bilbao Viscaya Argentaria by 1.9% in the fourth quarter. Bank of Montreal Can now owns 310,085 shares of the bank’s stock valued at $3,014,000 after purchasing an additional 5,893 shares during the last quarter. Invesco Ltd. grew its position in shares of Banco Bilbao Viscaya Argentaria by 6.5% in the fourth quarter. Invesco Ltd. now owns 83,291 shares of the bank’s stock valued at $810,000 after purchasing an additional 5,076 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at approximately $7,333,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.