In the first quarter of 2023, financial services firm Natixis Advisors L.P. increased its stake in Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) by 11.6%, according to its recent filing with the Securities and Exchange Commission (SEC). The firm now holds 715,593 shares of BBVA’s stock, with an additional 74,179 shares acquired during the same period. As of its most recent filing with the SEC, Natixis Advisors’ holdings in Banco Bilbao Vizcaya Argentaria were valued at $5,045,000.
Banco Bilbao Vizcaya Argentaria recently announced its earnings results for the second quarter on July 28th. For the quarter, the bank reported earnings per share (EPS) of $0.36, surpassing the consensus estimate of $0.34 by $0.02. The bank also achieved a return on equity of 14.53% and a net margin of 26.54%. Furthermore, it generated revenues amounting to $7.83 billion throughout the quarter. In comparison to the same period in the previous year when the company posted EPS of $0.30, these results demonstrate positive growth and performance for Banco Bilbao Vizcaya Argentaria.
Banco Bilbao Vizcaya Argentaria operates as a leading banking institution alongside subsidiary companies that provide retail banking, wholesale banking, and asset management services. Its wide range of offerings include various types of deposit accounts such as current accounts; demand deposits; savings accounts; overnight deposits; time deposIts ; term deposits ; subordinated deposits.
In addition to deposit services,Banco Bilbao Vizcaya Argentaria offers loan products for individuals and businesses alike.These products cater to consumer needs,different sectors in industry.This allows clients to access capital necessary for their personal or professional development.
The company also engages in securities dealing and provides services in leasing, factoring, brokerage and asset management. Beyond these core banking operations,Banco Bilbao Vizcaya Argentaria also manages pension and investment funds, ensuring individuals have access to diversified investment opportunities while planning for their future.
As we look ahead,Banco Bilbao Vizcaya Argentaria is expected to continue its positive performance.Market analysts project that the company will post EPS of 1.42 for the current fiscal year.This signifies a bright outlook for Banco Bilbao Vizcaya Argentaria as it continues to serve its customers with retail banking, wholesale banking,and asset management services.Many investors are optimistic about the prospects this esteemed institution presents in the financial industry.
Banco Bilbao Vizcaya Argentaria, S.A.
Updated on: 05/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
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Institutional Investors Show Confidence in Banco Bilbao Vizcaya Argentaria (BBVA) Stock
Institutional investors have made significant moves in regards to Banco Bilbao Vizcaya Argentaria (BBVA) stock, according to recent reports. One such investor, Raymond James & Associates, has increased its holdings in the bank by 21.4% during the first quarter of this year. As a result, Raymond James & Associates now owns an impressive 733,348 shares of BBVA’s stock valued at $4,173,000.
Similarly, Bank of New York Mellon Corp has also shown confidence in BBVA by boosting its holdings in the bank by 6.9% during the same period. As a result, Bank of New York Mellon Corp now owns 643,708 shares of BBVA’s stock valued at $3,664,000.
American Century Companies Inc., another institutional investor, has also joined in on the action by increasing its holdings in BBVA by 4.0%. American Century Companies Inc. now owns an impressive 393,935 shares of the bank’s stock valued at $2,241,000.
HighTower Advisors LLC has also opted to increase its holdings in BBVA by a significant amount – a staggering 32.6%. This move demonstrates HighTower Advisors LLC’s confidence and belief in BBVA’s potential for growth and success.
Lastly, Private Advisor Group LLC increased their stake in BBVA by 24.6%, indicating their trust and belief in the bank’s performance and prospects for the future.
It is worth noting that these institutional investors alone own approximately 2.83% of BBVA’s stock as of current data.
Moving on to financial figures about BBVA itself: The bank opened trading on Thursday with shares at $8.09. Over the past year or so, BBVA hit a low point of $4.32 per share and reached a high point of $8.18 per share – highlighting both volatility and potential within the company’s stock price.
Furthermore, BBVA boasts a market capitalization of $48.23 billion, a relatively low P/E ratio of 6.74, and a P/E/G ratio of 0.50. These figures indicate that BBVA’s stock may be undervalued relative to its earnings growth potential.
The available data also reveals that BBVA has shown stability in their moving average prices, with a 50-day average of $7.74 and a 200-day average of $7.37 per share.
As for the company’s financial health, BBVA holds a debt-to-equity ratio of 1.20 and maintains both quick and current ratios of 1.01 – suggesting that the bank has sufficient liquidity to meet its short-term obligations.
In terms of analyst recommendations, StockNews.com initiated coverage on Banco Bilbao Vizcaya Argentaria with a “buy” rating on August 17th. Barclays also began coverage with an “equal weight” rating in late May. With four analysts rating the stock as “hold” and three as “buy,” Bloomberg.com reports an overall consensus rating of “Hold” for BBVA and an average target price of $6.34 per share.
To conclude, institutional investors have recently made notable moves in regards to BBVA’s stock holdings, highlighting their confidence and belief in the bank’s prospects for growth. Moreover, BBVA demonstrates stable financials and is currently rated as a hold by analysts with expected potential upside based on its consensus target price.