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

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $25.44 and last traded at $25.44, with a volume of 1108418 shares traded. The stock had previously closed at $24.97.

Analyst Ratings Changes

A number of analysts have recently issued reports on BBVA shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Morgan Stanley assumed coverage on shares of Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of “Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

The stock has a market capitalization of $146.62 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.87 and a beta of 0.82. The business has a fifty day simple moving average of $22.89 and a 200 day simple moving average of $20.05.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results 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 company had revenue of $10.59 billion during the quarter, compared to analysts’ expectations of $10.47 billion. On average, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BBVA. Navigoe LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth $30,000. Cornerstone Planning Group LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 183.2% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,033 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 45.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,456 shares of the bank’s stock valued at $34,000 after acquiring an additional 456 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 187.3% during the 4th quarter. Sound Income Strategies LLC now owns 1,557 shares of the bank’s stock worth $38,000 after purchasing an additional 1,015 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

About Banco Bilbao Viscaya Argentaria

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.