Westfield Capital Management Co. LP Takes Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Westfield Capital Management Co. LP acquired a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 266,816 shares of the bank’s stock, valued at approximately $6,219,000.

A number of other hedge funds also recently made changes to their positions in BBVA. Bank of America Corp DE lifted its position in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after buying an additional 2,034,318 shares during the last quarter. American Century Companies Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after purchasing an additional 615,985 shares during the last quarter. Millennium Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 373.4% during the 3rd quarter. Millennium Management LLC now owns 768,243 shares of the bank’s stock worth $14,789,000 after purchasing an additional 605,947 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Banco Bilbao Viscaya Argentaria by 53.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock worth $20,974,000 after purchasing an additional 378,554 shares during the last quarter. Finally, Norges Bank acquired a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter worth approximately $7,692,000. 2.96% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $22.22 on Friday. The stock’s fifty day moving average price is $22.33 and its two-hundred day moving average price is $22.69. Banco Bilbao Viscaya Argentaria S.A. has a one year low of $14.63 and a one year high of $26.20. The firm has a market cap of $126.82 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.60 and a beta of 0.81.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%.The firm had revenue of $12.33 billion for the quarter. Sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Banco Bilbao Viscaya Argentaria

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.