Mirae Asset Global Investments Co. Ltd. Invests $2.48 Million in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 128,702 shares of the bank’s stock, valued at approximately $2,478,000.

Several other hedge funds have also added to or reduced their stakes in the business. AQR Capital Management LLC grew its holdings in 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 acquiring an additional 63,880 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 104.6% during the first quarter. Jane Street Group LLC now owns 181,639 shares of the bank’s stock worth $2,474,000 after purchasing an additional 92,843 shares during the period. Focus Partners Wealth grew its stake in shares of Banco Bilbao Viscaya Argentaria by 4.3% in the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock worth $244,000 after purchasing an additional 732 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 9.5% in the second quarter. Sivia Capital Partners LLC now owns 24,063 shares of the bank’s stock valued at $370,000 after purchasing an additional 2,090 shares during the period. Finally, HB Wealth Management LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 12.2% in the second quarter. HB Wealth Management LLC now owns 25,273 shares of the bank’s stock valued at $388,000 after purchasing an additional 2,756 shares during the period. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of Banco Bilbao Viscaya Argentaria stock opened at $25.92 on Tuesday. The stock’s 50-day moving average is $23.41 and its 200 day moving average is $20.42. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $10.77 and a one year high of $26.14. The firm has a market cap of $149.36 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 0.88 and a beta of 0.80.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Morgan Stanley started coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They set an “equal weight” rating for the company. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.