Legacy Financial Advisors Inc. Acquires New Stake in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Legacy Financial Advisors Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,780 shares of the bank’s stock, valued at approximately $419,000.

Several other institutional investors and hedge funds have also made changes to their positions in BBVA. Dynasty Wealth Management LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at about $876,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the third quarter valued at approximately $2,478,000. Rathbones Group PLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 4.6% during the second quarter. Rathbones Group PLC now owns 70,175 shares of the bank’s stock valued at $1,079,000 after acquiring an additional 3,066 shares in the last quarter. Osaic Holdings Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 612.4% in the second quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock worth $7,922,000 after purchasing an additional 443,092 shares in the last quarter. Finally, Beck Bode LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth $1,342,000. 2.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on BBVA shares. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Zacks Research upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Banco Bilbao Viscaya Argentaria currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA stock opened at $23.51 on Wednesday. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $11.59 and a one year high of $26.20. The firm has a market cap of $135.51 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.59 and a beta of 0.80. The firm has a 50-day simple moving average of $23.99 and a two-hundred day simple moving average of $21.28.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $11.49 billion for the quarter, compared to the consensus estimate of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. As a group, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

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.