Klein Pavlis & Peasley Financial Inc. Makes New $1.17 Million Investment in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Klein Pavlis & Peasley Financial Inc. purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 60,925 shares of the bank’s stock, valued at approximately $1,173,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Navigoe LLC acquired a new position in Banco Bilbao Viscaya Argentaria during the third quarter worth about $26,000. Financial Management Professionals Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 105.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after acquiring an additional 949 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter worth approximately $30,000. Salomon & Ludwin LLC increased its stake in Banco Bilbao Viscaya Argentaria by 2,989.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,272 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new position in Banco Bilbao Viscaya Argentaria during the second quarter worth $74,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Morgan Stanley started coverage on shares of Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA opened at $24.38 on Friday. The company has a 50-day simple moving average of $22.48 and a 200-day simple moving average of $19.60. The company has a market cap of $140.51 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $10.60 and a 12 month high of $24.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $10.59 billion for the quarter, compared to analyst estimates of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. On average, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

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.