Choate Investment Advisors Acquires New Stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Choate Investment Advisors acquired a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,826 shares of the bank’s stock, valued at approximately $105,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 5.7% in the 3rd quarter. FMR LLC now owns 6,370,344 shares of the bank’s stock valued at $69,055,000 after buying an additional 344,355 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.0% in the 4th quarter. QRG Capital Management Inc. now owns 1,043,054 shares of the bank’s stock valued at $10,138,000 after buying an additional 40,352 shares during the period. Altrius Capital Management Inc raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 1.6% in the 4th quarter. Altrius Capital Management Inc now owns 771,981 shares of the bank’s stock valued at $7,504,000 after buying an additional 12,099 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $7,333,000. Finally, NewEdge Wealth LLC raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 1.1% in the 4th quarter. NewEdge Wealth LLC now owns 476,408 shares of the bank’s stock valued at $4,631,000 after buying an additional 5,271 shares during the period. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BBVA shares. Hsbc Global Res upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. StockNews.com downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Up 1.2 %

NYSE:BBVA opened at $14.51 on Tuesday. The stock has a 50-day simple moving average of $12.17 and a 200-day simple moving average of $10.77. The stock has a market cap of $84.68 billion, a P/E ratio of 8.01, a P/E/G ratio of 0.80 and a beta of 1.26. Banco Bilbao Vizcaya Argentaria, S.A. has a 1 year low of $9.23 and a 1 year high of $14.61. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.27 and a current ratio of 1.01.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, February 4th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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.

About Banco Bilbao Vizcaya 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.