EverSource Wealth Advisors LLC Acquires 25,145 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

EverSource Wealth Advisors LLC raised its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 52.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,646 shares of the bank’s stock after acquiring an additional 25,145 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BBVA. Bank of America Corp DE increased its position in Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after purchasing an additional 2,034,318 shares in the last quarter. Barclays PLC boosted its position in Banco Bilbao Viscaya Argentaria by 1,819.7% in the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock valued at $84,306,000 after buying an additional 3,428,336 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Banco Bilbao Viscaya Argentaria by 42.1% during the fourth quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock worth $34,539,000 after buying an additional 439,098 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Banco Bilbao Viscaya Argentaria by 23.3% during the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after buying an additional 231,330 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 36.8% during the second quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock worth $18,640,000 after buying an additional 326,367 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

Banco Bilbao Viscaya Argentaria stock opened at $27.59 on Friday. The firm has a market cap of $157.54 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.72 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $16.44 and a 52-week high of $27.60. The firm has a 50 day moving average price of $24.52 and a two-hundred day moving average price of $23.41.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The company had revenue of $11.99 billion for the quarter. As a group, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current fiscal year.

Analyst Ratings Changes

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

Banco Bilbao Viscaya Argentaria Company 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.