Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 12-Month High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.84 and last traded at $24.8060, with a volume of 1795479 shares changing hands. The stock had previously closed at $24.09.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BBVA shares. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating on the stock. Finally, Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

The stock’s fifty day simple moving average is $22.60 and its 200 day simple moving average is $19.78. The firm has a market capitalization of $142.96 billion, a P/E ratio of 12.55, a P/E/G ratio of 0.96 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, topping 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 the consensus estimate of $10.47 billion. As a group, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBVA. Dynasty Wealth Management LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the third quarter worth $876,000. Rathbones Group PLC raised its holdings in Banco Bilbao Viscaya Argentaria by 4.6% in the 2nd quarter. Rathbones Group PLC now owns 70,175 shares of the bank’s stock worth $1,079,000 after purchasing an additional 3,066 shares during the period. Osaic Holdings Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 612.4% during the 2nd quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock valued at $7,922,000 after buying an additional 443,092 shares in the last quarter. Beck Bode LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the second quarter valued at about $1,342,000. Finally, US Bancorp DE lifted its position in shares of Banco Bilbao Viscaya Argentaria by 3.3% in the second quarter. US Bancorp DE now owns 781,851 shares of the bank’s stock valued at $12,017,000 after acquiring an additional 25,148 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other 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.