Connor Clark & Lunn Investment Management Ltd. Invests $2.05 Million in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 210,516 shares of the bank’s stock, valued at approximately $2,046,000.

Several other hedge funds have also recently added to or reduced their stakes in BBVA. Farther Finance Advisors LLC raised its stake in Banco Bilbao Vizcaya Argentaria by 8.5% during the fourth quarter. Farther Finance Advisors LLC now owns 85,945 shares of the bank’s stock worth $835,000 after acquiring an additional 6,710 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria by 96.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 51,024 shares of the bank’s stock valued at $496,000 after purchasing an additional 25,060 shares during the last quarter. HighTower Advisors LLC boosted its position in Banco Bilbao Vizcaya Argentaria by 1.8% in the fourth quarter. HighTower Advisors LLC now owns 295,547 shares of the bank’s stock valued at $2,873,000 after buying an additional 5,109 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Banco Bilbao Vizcaya Argentaria by 6.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 52,948 shares of the bank’s stock worth $515,000 after buying an additional 2,995 shares during the last quarter. Finally, Naviter Wealth LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 6.6% during the fourth quarter. Naviter Wealth LLC now owns 135,835 shares of the bank’s stock worth $1,320,000 after buying an additional 8,411 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Stock Performance

BBVA stock opened at $14.83 on Wednesday. The company has a 50 day moving average price of $12.26 and a 200 day moving average price of $10.80. Banco Bilbao Vizcaya Argentaria, S.A. has a fifty-two week low of $9.23 and a fifty-two week high of $14.84. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The stock has a market capitalization of $86.55 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.80 and a beta of 1.25.

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

Analyst Upgrades and Downgrades

BBVA has been the topic of several recent analyst reports. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. StockNews.com lowered Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Company Profile

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.