Oppenheimer Asset Management Inc. Buys 41,213 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Oppenheimer Asset Management Inc. lifted its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 440,204 shares of the bank’s stock after purchasing an additional 41,213 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Banco Bilbao Vizcaya Argentaria were worth $4,415,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Beverly Hills Private Wealth LLC boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 5.8% during the second quarter. Beverly Hills Private Wealth LLC now owns 26,964 shares of the bank’s stock valued at $270,000 after purchasing an additional 1,480 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 24.2% in the 2nd quarter. American Century Companies Inc. now owns 1,890,079 shares of the bank’s stock worth $18,957,000 after acquiring an additional 368,660 shares in the last quarter. Choreo LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at about $2,052,000. Wedbush Securities Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 44.7% in the second quarter. Wedbush Securities Inc. now owns 22,902 shares of the bank’s stock worth $230,000 after purchasing an additional 7,076 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the second quarter valued at approximately $43,000. Institutional investors own 2.96% of the company’s stock.

Analyst Ratings Changes

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

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of BBVA opened at $10.44 on Tuesday. The firm has a market capitalization of $60.92 billion, a P/E ratio of 7.10, 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 business has a fifty day moving average of $10.34 and a 200 day moving average of $10.64.

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