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 Monday . The company traded as high as $24.22 and last traded at $24.1940, with a volume of 1066252 shares trading hands. The stock had previously closed at $23.70.

Wall Street Analyst Weigh In

BBVA has been the topic of a number of research analyst reports. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Morgan Stanley initiated coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They issued an “equal weight” rating on the stock. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 2.1%

The firm has a market capitalization of $138.36 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.95 and a beta of 0.82. The company’s 50 day moving average is $22.16 and its 200 day moving average is $19.40.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The firm had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.47 billion. On average, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 17.1% during the second quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after buying an additional 637,519 shares in the last quarter. American Century Companies Inc. increased its holdings in Banco Bilbao Viscaya Argentaria by 23.4% in the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock valued at $62,527,000 after buying an additional 615,985 shares during the period. Millennium Management LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 373.4% in the 3rd quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock valued at $14,789,000 after buying an additional 605,947 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 11.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock worth $69,909,000 after acquiring an additional 467,226 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Company Profile

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.