Wall Street Zen Downgrades Banco Bilbao Viscaya Argentaria (NYSE:BBVA) to Hold

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

BBVA has been the topic of several other research reports. Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of “Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA stock opened at $20.13 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. Banco Bilbao Viscaya Argentaria has a 1 year low of $9.23 and a 1 year high of $20.16. The firm has a market cap of $117.49 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 0.94 and a beta of 1.19. The stock has a 50-day simple moving average of $18.82 and a 200-day simple moving average of $16.26.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The business had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.24 billion. On average, equities analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank’s stock valued at $149,020,000 after purchasing an additional 1,014,305 shares during the period. Bank of America Corp DE grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 28.0% in the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after acquiring an additional 2,034,318 shares during the last quarter. Clark Capital Management Group Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.6% in the 1st quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank’s stock worth $75,978,000 after acquiring an additional 347,564 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 11.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,548,398 shares of the bank’s stock worth $69,909,000 after acquiring an additional 467,226 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 17.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock worth $67,247,000 after acquiring an additional 637,519 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

About Banco Bilbao Viscaya 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.