Summit Global Investments Buys 277,164 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Summit Global Investments increased its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 105.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 539,796 shares of the bank’s stock after acquiring an additional 277,164 shares during the quarter. Summit Global Investments’ holdings in Banco Bilbao Vizcaya Argentaria were worth $5,247,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. grew its position in Banco Bilbao Vizcaya Argentaria by 103.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 33,723 shares of the bank’s stock valued at $328,000 after purchasing an additional 17,138 shares during the period. Whittier Trust Co. grew its position in Banco Bilbao Vizcaya Argentaria by 52.5% in the 4th quarter. Whittier Trust Co. now owns 141,611 shares of the bank’s stock valued at $1,376,000 after purchasing an additional 48,765 shares during the period. Xponance Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $102,000. Boston Partners acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $1,236,000. Finally, Thrivent Financial for Lutherans grew its position in Banco Bilbao Vizcaya Argentaria by 155.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 34,411 shares of the bank’s stock valued at $335,000 after purchasing an additional 20,943 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BBVA. Hsbc Global Res raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. StockNews.com downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, March 15th. Finally, Kepler Capital Markets raised shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

BBVA opened at $14.15 on Friday. The company has a market capitalization of $82.58 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.80 and a beta of 1.25. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $9.23 and a 1 year high of $14.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The firm’s fifty day moving average price is $12.51 and its two-hundred day moving average price is $10.88.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. As a group, analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria 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.