Naviter Wealth LLC Has $1.40 Million Stock Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Naviter Wealth LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 18.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 118,339 shares of the bank’s stock after acquiring an additional 18,300 shares during the quarter. Naviter Wealth LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $28,000. Russell Investments Group Ltd. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 139.8% in the fourth quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,277 shares during the period. Spire Wealth Management lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 237.7% during the 4th quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock worth $36,000 after buying an additional 2,900 shares during the last quarter. GAMMA Investing LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at about $44,000. Finally, Financial Management Professionals Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 295.3% during the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after acquiring an additional 3,045 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BBVA. BNP Paribas cut Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Barclays downgraded Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a report on Monday, March 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Down 0.3 %

NYSE BBVA opened at $10.12 on Wednesday. The company has a market cap of $59.08 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.83 and a beta of 1.32. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $7.38 and a 1-year high of $12.20. The company has a 50 day moving average of $10.55 and a 200-day moving average of $10.25.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Monday, April 29th. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Banco Bilbao Vizcaya Argentaria had a return on equity of 15.34% and a net margin of 26.90%. The firm had revenue of $8.92 billion during the quarter. On average, equities research analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.61 earnings per share for the current year.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.