Marks Group Wealth Management Inc Buys 1,178 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Marks Group Wealth Management Inc raised its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,477 shares of the bank’s stock after purchasing an additional 1,178 shares during the period. Marks Group Wealth Management Inc’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,068,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBVA. Focus Partners Wealth raised its stake in Banco Bilbao Viscaya Argentaria by 4.3% during the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock worth $244,000 after buying an additional 732 shares during the period. Beverly Hills Private Wealth LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 3.5% during the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank’s stock worth $301,000 after purchasing an additional 740 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 19.2% in the 1st quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank’s stock worth $63,000 after purchasing an additional 748 shares in the last quarter. UMB Bank n.a. grew its position in Banco Bilbao Viscaya Argentaria by 12.8% in the 2nd quarter. UMB Bank n.a. now owns 6,574 shares of the bank’s stock valued at $101,000 after purchasing an additional 748 shares during the period. Finally, One Wealth Advisors LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 2.4% during the second quarter. One Wealth Advisors LLC now owns 32,976 shares of the bank’s stock worth $507,000 after buying an additional 758 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BBVA shares. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Bilbao Viscaya Argentaria Trading Down 2.5%

Shares of BBVA stock opened at $18.77 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $109.58 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 1.02 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $9.23 and a 52-week high of $19.42. The company has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $15.91.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. Research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

About Banco Bilbao Viscaya Argentaria

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.