Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Stock Rating Upgraded by Wall Street Zen

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

BBVA has been the subject of several other reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Barclays downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Bank of America lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA opened at $28.35 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. The business’s 50 day moving average price is $25.14 and its two-hundred day moving average price is $23.56. The company has a market cap of $161.87 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a twelve month low of $17.77 and a twelve month high of $28.65.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. On average, analysts predict that Banco Bilbao Viscaya Argentaria will post 2.37 EPS for the current year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 103.0% during the 1st quarter. AQR Capital Management LLC now owns 125,927 shares of the bank’s stock worth $1,715,000 after buying an additional 63,880 shares in the last quarter. Jane Street Group LLC grew its position in Banco Bilbao Viscaya Argentaria by 104.6% in the first quarter. Jane Street Group LLC now owns 181,639 shares of the bank’s stock valued at $2,474,000 after acquiring an additional 92,843 shares during the last quarter. Focus Partners Wealth grew its position in Banco Bilbao Viscaya Argentaria by 4.3% in the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock valued at $244,000 after acquiring an additional 732 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Banco Bilbao Viscaya Argentaria by 9.5% during the second quarter. Sivia Capital Partners LLC now owns 24,063 shares of the bank’s stock worth $370,000 after acquiring an additional 2,090 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 44.0% in the second quarter. Russell Investments Group Ltd. now owns 72,881 shares of the bank’s stock worth $1,120,000 after acquiring an additional 22,284 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

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.