Assetmark Inc. Has $11.77 Million Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Assetmark Inc. raised its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 543,322 shares of the bank’s stock after acquiring an additional 23,866 shares during the quarter. Assetmark Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $11,768,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Angeles Wealth Management LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 40.8% in the 1st quarter. Angeles Wealth Management LLC now owns 13,387 shares of the bank’s stock valued at $290,000 after purchasing an additional 3,882 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 24.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 62,183 shares of the bank’s stock worth $1,346,000 after buying an additional 12,381 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank’s stock worth $19,909,000 after acquiring an additional 76,694 shares during the period. Advisors Preferred LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at about $778,000. Finally, Sanctuary Advisors LLC raised its stake in Banco Bilbao Viscaya Argentaria by 15.9% in the 1st quarter. Sanctuary Advisors LLC now owns 116,234 shares of the bank’s stock worth $2,518,000 after purchasing an additional 15,936 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BBVA shares. Bank of America cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Down 0.0%

Shares of NYSE:BBVA opened at $25.14 on Tuesday. The stock has a market cap of $143.49 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.71 and a beta of 0.80. The business’s 50 day moving average is $23.86 and its 200 day moving average is $23.26. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $14.63 and a 12-month high of $26.40.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The firm had revenue of $12.33 billion during the quarter. As a group, equities research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 earnings per share for the current 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.