Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 52-Week High – Here’s What Happened

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $26.36 and last traded at $26.2990, with a volume of 101248 shares. The stock had previously closed at $26.14.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BBVA shares. UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Trading Down 2.9%

The firm has a market capitalization of $144.55 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.65 and a beta of 0.80. The business has a 50-day moving average of $23.29 and a 200 day moving average of $23.14.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%.The business had revenue of $12.33 billion for the quarter. As a group, research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 EPS for the current year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Hedge funds have recently bought and sold shares of the business. Barclays PLC raised its holdings in Banco Bilbao Viscaya Argentaria by 1,819.7% during the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after buying an additional 3,428,336 shares during the last quarter. Bank of America Corp DE increased its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after acquiring an additional 2,034,318 shares in the last quarter. Millennium Management LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 373.4% during the third quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after acquiring an additional 605,947 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 532.8% in the 4th quarter. Tudor Investment Corp ET AL now owns 536,417 shares of the bank’s stock worth $12,504,000 after acquiring an additional 451,650 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Banco Bilbao Viscaya Argentaria by 42.1% in the 4th quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock valued at $34,539,000 after acquiring an additional 439,098 shares in 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.