Gateway Wealth Partners LLC Buys Shares of 30,327 Banco Bilbao Viscaya Argentaria S.A. $BBVA

Gateway Wealth Partners LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,327 shares of the bank’s stock, valued at approximately $657,000.

A number of other institutional investors have also modified their holdings of BBVA. JCIC Asset Management Inc. purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at about $3,075,000. Tudor Investment Corp ET AL purchased a new position in Banco Bilbao Viscaya Argentaria in the 3rd quarter worth approximately $1,632,000. Global Retirement Partners LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 120.9% in the 4th quarter. Global Retirement Partners LLC now owns 76,788 shares of the bank’s stock worth $1,790,000 after acquiring an additional 42,026 shares during the period. Vise Technologies Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria in the fourth quarter valued at approximately $3,273,000. Finally, Diversify Wealth Management LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 42.4% during the first quarter. Diversify Wealth Management LLC now owns 185,755 shares of the bank’s stock valued at $3,955,000 after purchasing an additional 55,304 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BBVA shares. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Finally, UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 7.5%

Shares of BBVA opened at $27.59 on Friday. The firm has a market cap of $157.54 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 0.72 and a beta of 0.80. The business’s 50 day moving average is $24.52 and its two-hundred day moving average is $23.41. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $16.44 and a 52-week high of $27.60.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. On average, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 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.