AlphaCore Capital LLC Has $747,000 Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

AlphaCore Capital LLC increased its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 702.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,801 shares of the bank’s stock after purchasing an additional 33,966 shares during the quarter. AlphaCore Capital LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Navigoe LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the third quarter worth about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the second quarter valued at $30,000. Cornerstone Planning Group LLC grew its stake in Banco Bilbao Viscaya Argentaria by 183.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,033 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,272 shares during the period. Finally, Westside Investment Management Inc. lifted its position in shares of Banco Bilbao Viscaya Argentaria by 100.0% in the third quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after purchasing an additional 1,158 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

NYSE BBVA opened at $23.10 on Friday. The company’s fifty day moving average is $24.04 and its two-hundred day moving average is $21.35. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $11.59 and a 52-week high of $26.20. The firm has a market capitalization of $133.10 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.59 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting the consensus estimate of $0.50. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. The business had revenue of $11.49 billion during the quarter, compared to analysts’ expectations of $10.74 billion. As a group, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

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.