On September 6, 2023, it was reported that Bokf Na had significantly reduced its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) during the first quarter of the year. According to the company’s filing with the Securities & Exchange Commission, Bokf Na owned 4,776 shares of the bank’s stock after selling 35,043 shares. As a result of this transaction, Bokf Na’s holdings in Banco Bilbao Vizcaya Argentaria were valued at $34,000.
Banco Bilbao Vizcaya Argentaria, SA is a reputable financial institution that operates globally through its subsidiaries. The company offers various banking services such as retail banking, wholesale banking, and asset management services. Clients can benefit from a range of account options including current accounts, demand and savings deposits, overnight and term deposits, as well as subordinated deposits.
Additionally, Banco Bilbao Vizcaya Argentaria provides loan products to meet the financial needs of individuals and businesses. The company also engages in securities trading and offers services like leasing, factoring, brokerage services, and asset management.
Furthermore, Banco Bilbao Vizcaya Argentaria plays a significant role in managing pension funds and investment funds for its clients. This allows individuals to grow their wealth and secure their future through strategic investment decisions made by the bank.
It is worth noting that Bokf Na’s decision to reduce its holdings in Banco Bilbao Vizcaya Argentaria might be based on various factors that influence investment decisions. Investors continuously assess their portfolios and make adjustments based on market conditions or changes in their own investment strategies.
As always when considering investments in any company or financial institution, it is important for investors to conduct thorough analysis before making any investment decisions. By carefully examining the latest financial statements and analyzing market trends, individuals can make informed choices regarding their investment portfolios.
In conclusion, the recent reduction in holdings by Bokf Na in Banco Bilbao Vizcaya Argentaria indicates a shift in the investor’s strategy. It is vital for investors to stay informed about such developments and pay attention to financial updates provided by relevant institutions.
Banco Bilbao Vizcaya Argentaria, S.A.
Updated on: 03/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
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Investment Activity and Market Performance of Banco Bilbao Vizcaya Argentaria
In recent months, numerous hedge funds and institutional investors have made notable adjustments to their investment positions in Banco Bilbao Vizcaya Argentaria (NYSE: BBVA). Envestnet Asset Management Inc. significantly increased its stake in the bank during the first quarter, acquiring an additional 4,590,973 shares and bringing its total ownership to 7,373,714 shares valued at $19,097,000. Similarly, the Oregon Public Employees Retirement Fund entered the scene with a new stake worth approximately $26,563,000 in the same quarter.
Jane Street Group LLC also expressed confidence in Banco Bilbao Vizcaya Argentaria by boosting its stake by a whopping 317.1% during the second quarter. The firm now owns 4,055,509 shares of BBVA’s stock valued at $18,331,000 after adding an extra 3,083,261 shares to its portfolio. Optiver Holding B.V., on the other hand, experienced astronomical growth of 969.3% in its position during the first quarter and currently holds 1,763,567 shares worth $12,433,000.
Notably, Taika Capital LP finalized a new acquisition of Banco Bilbao Vizcaya Argentaria’s shares during the fourth quarter with an estimated value of approximately $8,868,000. In totality,hedge funds and institutional investors collectively own roughly 2.83% of the company’s stock.
Several research firms have provided their insights into Banco Bilbao Vizcaya Argentaria (BBVA) as well. StockNews.com released a comprehensive report on August 17th wherein they bestowed a “buy” rating upon BBVA’s stocks. However,Morgan Stanley downgraded their recommendation from “overweight” to “equal weight.” Barclays also chimed in with coverage on May 26th,giving BBVA an “equal weight” rating. It is worth highlighting that according to Bloomberg’s data, the consensus among analysts for Banco Bilbao Vizcaya Argentaria is a “Hold” rating with a target price of $6.34.
Banco Bilbao Vizcaya Argentaria commenced trading on the New York Stock Exchange (NYSE) at $7.67 on this Wednesday. The bank boasts a fifty-day moving average of $7.78 and a two-hundred-day moving average of $7.38. With a market capitalization of $45.73 billion, the bank has managed to maintain a price-to-earnings (PE) ratio of 6.39 and an impressive P/E-to-growth (PEG) ratio of 0.49. Additionally, BBVA holds a beta value of 1.32, indicating its sensitivity to market changes.
Despite facing various ups and downs in the market over the past year, with shares ranging from lows of $4.32 to highs of $8.18,Banco Bilbao Vizcaya Argentaria has emerged relatively strong amid economic uncertainties and global challenges.The company’s performance was further demonstrated by its robust Q2 earnings results,released on July 28th.BBVA reported earnings per share (EPS) amounting to $0.36 for the quarter, surpassing analyst estimates by $0.02.The bank achieved an impressive return on equity (ROE) of 14.53% and an enviable net margin of 26.54%. Furthermore, revenues for the quarter stood at an impressive$7.83 billion.These figures indicate BBVA’s success in navigating through complex markets and delivering sound financial performance.
With high expectations from analysts and investors alike,Banco Bilbao Vizcaya Argentaria aims to sustain its momentum throughout the rest of the year.Analysts anticipate that BBVA will post earnings per share of $1.42 for the current fiscal year, further solidifying its position in the market and keeping investors satisfied.