Advisors Preferred LLC Acquires New Stake in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Advisors Preferred LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 35,903 shares of the bank’s stock, valued at approximately $778,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BBVA. Basepoint Wealth LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $26,000. Root Financial Partners LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $27,000. Harbour Investments Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after buying an additional 575 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after buying an additional 440 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE:BBVA opened at $25.67 on Wednesday. The firm has a market capitalization of $146.55 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.63 and a beta of 0.80. The business’s fifty day moving average price is $23.59 and its 200 day moving average price is $23.20. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $14.63 and a 12 month high of $26.40.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. As a group, equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on BBVA. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Finally, Barclays downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.