Sequoia Financial Advisors LLC Increases Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Sequoia Financial Advisors LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 32.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,568 shares of the bank’s stock after acquiring an additional 25,885 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $2,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BBVA. Bank of America Corp DE increased its position 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 valued at $142,760,000 after purchasing an additional 2,034,318 shares during the last quarter. Envestnet Asset Management Inc. grew its position 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 valued at $67,247,000 after buying an additional 637,519 shares during the period. JPMorgan Chase & Co. increased its holdings in Banco Bilbao Viscaya Argentaria by 11.4% during the second quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock worth $69,909,000 after buying an additional 467,226 shares during the last quarter. Assetmark Inc. increased its holdings in Banco Bilbao Viscaya Argentaria by 1,198.6% during the second quarter. Assetmark Inc. now owns 491,502 shares of the bank’s stock worth $7,554,000 after buying an additional 453,654 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in Banco Bilbao Viscaya Argentaria by 612.4% in the second quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock worth $7,922,000 after acquiring an additional 443,092 shares during the period. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BBVA shares. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Morgan Stanley initiated coverage on Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $24.81 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $10.73 and a 52-week high of $24.84. The stock’s 50-day simple moving average is $22.66 and its 200 day simple moving average is $19.82. The stock has a market capitalization of $142.96 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

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

Banco Bilbao Viscaya Argentaria 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.