As of its most recent Securities & Exchange Commission filing on May 29, 2023, Dimensional Fund Advisors LP revealed that it has grown its holdings in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 19.4%. This institutional investor now owns 8,766,725 shares of the bank’s stock, after acquiring an additional 1,421,614 shares during the previous period. These shares are currently worth $52,689,000.
Banco Bilbao Vizcaya Argentaria is a financial group based in Spain with a market capitalization of $44.64 billion. Despite experiencing a one-year low of $3.93 and a high of $7.93 for the past twelve months, BBVA’s shares open at $6.99 on May 29th.
Despite turbulent starting and ending prices over the past year and several concerning financial ratios such as a debt-to-equity ratio of 1.10 and price-earnings ratio of just 6.30, hedge funds continue to invest and hold onto BBVA stock.
For those who wish to keep tabs on BBVA’s financial standings for the future or delve into details like insider trades and filings from other hedge funds holding this stock should visit HoldingsChannel.com for more information.
Overall, despite what some may consider worrisome indications about BBVA’s fiscal health over the past year that could lead some investors to re-think their choices in this financially-volatile market environment; there remain strong arguments supporting holding onto this market-darling until conditions improve.
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BBVA: Attractive Investment Option in the Banking Sector
Banco Bilbao Vizcaya Argentaria, or BBVA for short, has been making waves in the financial industry as of late. The multinational Spanish bank has recently seen investments from several hedge funds, including Ieq Capital LLC, CWM LLC, EverSource Wealth Advisors LLC, SG Americas Securities LLC, and LPL Financial LLC.
Ieq Capital LLC increased its stake in the bank by 11.1% during Q4 2023 and now owns over 15,000 shares worth $93,000. Meanwhile, CWM LLC raised its holdings by almost 30%, bringing their total share count to over 7,000 worth $42,000. EverSource Wealth Advisors LLC added nearly 2,000 shares to their position during the same period for a total of over 28,000 shares worth $168,000. SG Americas Securities LLC saw an increase of just under 3%, holding over 71,000 shares worth $318,00. And finally LPL Financial LLC grew their stake by almost 7% to bring their total share count to over 31,000 worth $143,000.
These institutional investors and hedge funds now own a combined 2.51% of BBVA’s outstanding stock.
In addition to these investments BBVA also received positive ratings from various financial analysts. HSBC upped its rating on the stock from “hold” to “buy” while Keefe Bruyette & Woods raised its rating from “underperform” to “market perform”. Four investment analysts have given the stock a “hold” rating while four others have rated it as a buy.
BBVA operates in six main segments: Spain, the United States (where it acquired Compass Bank), Mexico (where it bought Bancomer), Turkey (Garanti Bank), South America (Colombia and Peru) and Rest of Eurasia (including China). The bank had a net margin of 26.27% and a return on equity of 14.62%, when it last reported earnings in April 2023.
All in all, BBVA is looking like an increasingly attractive investment option in the banking sector.
