Is Banco Bilbao Vizcaya Argentaria (BBVA) A Smart Long-Term Buy?

Harding Loevner, an investment management firm, published its “International Equity ADR Fund” fourth-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 4.28% was recorded by the fund for the fourth quarter of 2021, beating its Benchmarks, the MSC All Country World ex-US Index, and the MSCI EAFE Index, which returned 1.88% and 2.74% respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Harding Loevner International Equity ADR Fund, in its Q4 2021 investor letter, mentioned Banco Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) and discussed its stance on the firm. Banco Bilbao Vizcaya Argentaria, S.A. is a Bilbao, Spain-based financial services company with a $37.6 billion market capitalization. BBVA delivered a -1.02% return since the beginning of the year, while its 12-month returns are up by 4.50%. The stock closed at $5.81 per share on March 02, 2022.

Here is what Harding Loevner International Equity ADR Fund has to say about Banco Bilbao Vizcaya Argentaria, S.A. in its Q4 2021 investor letter:

“Viewed geographically, the portfolio enjoyed good stock picking within every region save for neutral results in Canada and the Middle East. That said, because of the region’s poor performance, EM holdings accounted for five of the portfolio’s ten biggest detractors, while two more were companies nominally based in developed markets that have a decided business emphasis on emerging markets: Spanish bank BBVA..“

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Our calculations show that Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. BBVA was in 5 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 10 funds in the previous quarter. Bilbao Vizcaya Argentaria, S.A. (NYSE: BBVA) delivered a 7.20% return in the past 3 months.

In September 2021, we published an article that includes BBVA in the 10 Best European Bank Stocks to Buy Now. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.