Park Avenue Securities LLC Buys 12,637 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Park Avenue Securities LLC boosted its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 204,343 shares of the bank’s stock after purchasing an additional 12,637 shares during the quarter. Park Avenue Securities LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $2,050,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BBVA. Optiver Holding B.V. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth about $4,309,000. BNP Paribas Financial Markets lifted its position in Banco Bilbao Vizcaya Argentaria by 169.8% during the fourth quarter. BNP Paribas Financial Markets now owns 497,463 shares of the bank’s stock valued at $4,532,000 after buying an additional 313,065 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Banco Bilbao Vizcaya Argentaria by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,355,974 shares of the bank’s stock worth $94,342,000 after purchasing an additional 290,673 shares during the last quarter. Capital World Investors bought a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter worth about $1,537,000. Finally, Capital Wealth Planning LLC grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 82.4% during the 4th quarter. Capital Wealth Planning LLC now owns 332,450 shares of the bank’s stock valued at $3,029,000 after purchasing an additional 150,191 shares during the period. 2.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBVA. BNP Paribas downgraded Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Down 0.3 %

BBVA traded down $0.03 on Wednesday, hitting $9.56. 2,482,881 shares of the company were exchanged, compared to its average volume of 1,554,173. The firm has a 50-day moving average price of $10.35 and a two-hundred day moving average price of $10.52. The company has a market cap of $55.78 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 1.00 and a beta of 1.32. Banco Bilbao Vizcaya Argentaria, S.A. has a twelve month low of $7.41 and a twelve month high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 22.05% and a net margin of 27.55%. During the same quarter in the previous year, the firm posted $0.36 EPS. Equities analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.65 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.