Bank of New York Mellon Corp Buys 76,694 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Bank of New York Mellon Corp raised its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 9.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 919,176 shares of the bank’s stock after acquiring an additional 76,694 shares during the quarter. Bank of New York Mellon Corp’s holdings in Banco Bilbao Viscaya Argentaria were worth $19,909,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Basepoint Wealth LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $26,000. Root Financial Partners LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after acquiring an additional 426 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter worth about $27,000. Harbour Investments Inc. raised its stake in Banco Bilbao Viscaya Argentaria by 84.1% in the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after acquiring an additional 575 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 50.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after purchasing an additional 440 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 3.2%

Shares of NYSE:BBVA opened at $25.68 on Thursday. The company has a 50 day moving average of $24.42 and a 200 day moving average of $23.38. The stock has a market cap of $146.59 billion, a P/E ratio of 12.23, a P/E/G ratio of 0.75 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $15.36 and a 12 month high of $26.59.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The business had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. On average, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings lowered shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria 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.