Rhumbline Advisers Grows Position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Rhumbline Advisers raised its stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 112,172 shares of the bank’s stock after purchasing an additional 4,149 shares during the period. Rhumbline Advisers’ holdings in Banco Bilbao Vizcaya Argentaria were worth $1,125,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 0.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,737,599 shares of the bank’s stock valued at $79,600,000 after acquiring an additional 30,534 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria by 1.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 1,363,752 shares of the bank’s stock valued at $16,147,000 after acquiring an additional 20,719 shares during the period. QRG Capital Management Inc. increased its position in shares of Banco Bilbao Vizcaya Argentaria by 3.3% in the second quarter. QRG Capital Management Inc. now owns 969,879 shares of the bank’s stock valued at $9,728,000 after buying an additional 30,645 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 4.8% in the second quarter. Natixis Advisors LLC now owns 922,171 shares of the bank’s stock valued at $9,249,000 after buying an additional 42,253 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Banco Bilbao Vizcaya Argentaria by 1.6% in the fourth quarter. US Bancorp DE now owns 877,040 shares of the bank’s stock valued at $7,990,000 after buying an additional 13,582 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Stock Performance

Banco Bilbao Vizcaya Argentaria stock opened at $10.86 on Monday. The stock’s 50 day moving average price is $10.35 and its 200 day moving average price is $10.65. The firm has a market capitalization of $63.40 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.97 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria, S.A. has a one year low of $7.72 and a one year high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

BBVA has been the subject of several recent analyst reports. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Finally, BNP Paribas lowered Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.