Choate Investment Advisors Invests $105,000 in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

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

A number of other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 5.7% in the third quarter. FMR LLC now owns 6,370,344 shares of the bank’s stock worth $69,055,000 after acquiring an additional 344,355 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 4.0% in the fourth quarter. QRG Capital Management Inc. now owns 1,043,054 shares of the bank’s stock worth $10,138,000 after acquiring an additional 40,352 shares during the last quarter. Altrius Capital Management Inc boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 1.6% in the fourth quarter. Altrius Capital Management Inc now owns 771,981 shares of the bank’s stock worth $7,504,000 after acquiring an additional 12,099 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth approximately $7,333,000. Finally, NewEdge Wealth LLC boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 1.1% in the fourth quarter. NewEdge Wealth LLC now owns 476,408 shares of the bank’s stock worth $4,631,000 after acquiring an additional 5,271 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on BBVA. StockNews.com lowered Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $14.51 on Tuesday. Banco Bilbao Vizcaya Argentaria, S.A. has a 52 week low of $9.23 and a 52 week high of $14.61. The business’s fifty day simple moving average is $12.17 and its 200-day simple moving average is $10.77. The firm has a market cap of $84.68 billion, a PE ratio of 8.01, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, beating 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%. Equities analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current 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.