EverSource Wealth Advisors LLC Has $1.57 Million Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

EverSource Wealth Advisors LLC boosted its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 52.9% in the first quarter, HoldingsChannel reports. The firm owned 72,646 shares of the bank’s stock after purchasing an additional 25,145 shares during the period. EverSource Wealth Advisors LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 39.1% during the 1st quarter. Empowered Funds LLC now owns 26,157 shares of the bank’s stock worth $567,000 after buying an additional 7,356 shares during the period. Quantinno Capital Management LP lifted its position 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 valued at $26,492,000 after acquiring an additional 231,330 shares during the period. Gateway Wealth Partners LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the 1st quarter valued at $657,000. Waverly Advisors LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 30.2% during the first quarter. Waverly Advisors LLC now owns 22,076 shares of the bank’s stock worth $478,000 after acquiring an additional 5,116 shares in the last quarter. Finally, Compound Planning Inc. grew its holdings in Banco Bilbao Viscaya Argentaria by 1.7% in the first quarter. Compound Planning Inc. now owns 112,396 shares of the bank’s stock worth $2,435,000 after purchasing an additional 1,889 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Banco Bilbao Viscaya Argentaria Trading Up 7.5%

Shares of BBVA stock opened at $27.59 on Friday. The firm has a fifty day simple moving average of $24.52 and a two-hundred day simple moving average of $23.41. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $16.44 and a 12 month high of $27.60. The firm has a market capitalization of $157.54 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $11.99 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 predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 earnings per share for the current fiscal year.

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.