Prospera Financial Services Inc Buys 63,708 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Prospera Financial Services Inc increased its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 287.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,833 shares of the bank’s stock after purchasing an additional 63,708 shares during the period. Prospera Financial Services Inc’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BBVA. Navigoe LLC purchased a new position in Banco Bilbao Viscaya Argentaria in the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the second quarter valued at approximately $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 worth $32,000 after acquiring an additional 1,033 shares during the last quarter. Salomon & Ludwin LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 2,989.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after acquiring an additional 2,272 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock valued at $45,000 after acquiring an additional 1,158 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BBVA. Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating for the company. 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. Zacks Research upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE BBVA opened at $22.69 on Friday. The company has a 50-day moving average price of $23.87 and a 200-day moving average price of $20.92. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $11.59 and a 52 week high of $26.20. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $130.76 billion, a P/E ratio of 11.52, a PEG ratio of 0.81 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. Equities research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

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.