Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 52-Week High – What’s Next?

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) hit a new 52-week high during trading on Thursday . The company traded as high as $29.46 and last traded at $29.4230, with a volume of 102439 shares traded. The stock had previously closed at $29.16.

Analyst Upgrades and Downgrades

BBVA has been the subject of several research analyst reports. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Keefe, Bruyette & Woods downgraded Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Bank of America lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Trading Up 0.8%

The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $163.99 billion, a P/E ratio of 13.36, a PEG ratio of 0.75 and a beta of 0.80. The company’s fifty day simple moving average is $27.04 and its 200-day simple moving average is $24.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The firm had revenue of $11.99 billion during the quarter. Research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its position in 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 acquiring an additional 2,034,318 shares in the last quarter. Barclays PLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% in the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after acquiring an additional 3,428,336 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 42.1% during the 4th quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock worth $34,539,000 after purchasing an additional 439,098 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 23.3% during the 1st quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after purchasing an additional 231,330 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock valued at $18,640,000 after purchasing an additional 326,367 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

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.