Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Reaches New 52-Week High - Here's Why

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.34 and last traded at $14.31, with a volume of 351312 shares trading hands. The stock had previously closed at $13.80.

Analysts Set New Price Targets

Several analysts have issued reports on BBVA shares. StockNews.com lowered shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday. Kepler Capital Markets upgraded shares of Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Hsbc Global Res upgraded shares of Banco Bilbao Vizcaya Argentaria from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. One investment 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 stock. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of "Moderate Buy".

Banco Bilbao Vizcaya Argentaria Trading Up 2.1 %

The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. The stock's fifty day moving average price is $12.26 and its two-hundred day moving average price is $10.80. The company 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.

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Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. Sell-side analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current year.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

A number of institutional investors have recently modified their holdings of BBVA. Wealth Enhancement Advisory Services LLC raised its stake in Banco Bilbao Vizcaya Argentaria by 20.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,545 shares of the bank's stock worth $326,000 after buying an additional 5,735 shares in the last quarter. Forum Financial Management LP raised its stake in Banco Bilbao Vizcaya Argentaria by 10.3% in the fourth quarter. Forum Financial Management LP now owns 70,543 shares of the bank's stock worth $686,000 after buying an additional 6,614 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $223,000. CSS LLC IL bought a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $342,000. Finally, Point72 Asset Management L.P. raised its stake in Banco Bilbao Vizcaya Argentaria by 122.2% in the fourth quarter. Point72 Asset Management L.P. now owns 307,720 shares of the bank's stock worth $2,991,000 after buying an additional 169,220 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.