Bank of New York Mellon Corp Boosts Stock Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Bank of New York Mellon Corp increased its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,458 shares of the bank’s stock after buying an additional 24,442 shares during the period. Bank of New York Mellon Corp’s holdings in Banco Bilbao Vizcaya Argentaria were worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BBVA. Russell Investments Group Ltd. boosted its stake 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 worth $36,000 after acquiring an additional 2,277 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in shares of 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 buying an additional 3,045 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 567.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock valued at $55,000 after buying an additional 3,950 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 20.9% in the first quarter. GAMMA Investing LLC now owns 5,754 shares of the bank’s stock worth $68,000 after buying an additional 996 shares in the last quarter. Finally, Principal Securities Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth about $78,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA stock opened at $10.30 on Friday. The firm has a market cap of $60.13 billion, a PE ratio of 7.01, a PEG ratio of 0.97 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $7.59 and a one year high of $12.20. The firm’s 50 day moving average price is $10.33 and its 200-day moving average price is $10.63.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same quarter in the prior year, the firm earned $0.36 EPS. Equities research analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BBVA shares. BNP Paribas lowered shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Company Profile

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.