Dorsey Wright & Associates Acquires 56,085 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Dorsey Wright & Associates grew its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 39.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 199,131 shares of the bank’s stock after buying an additional 56,085 shares during the period. Dorsey Wright & Associates’ holdings in Banco Bilbao Viscaya Argentaria were worth $4,313,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE:BBVA opened at $25.19 on Friday. The firm has a market cap of $143.80 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.72 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $14.63 and a fifty-two week high of $26.40. The firm has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $23.25.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%.The company had revenue of $12.33 billion for the quarter. On average, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current 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.