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

Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a buy rating to a hold rating in a research note published on Saturday morning.

BBVA has been the topic of several other reports. Morgan Stanley initiated coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Finally, Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA opened at $24.38 on Friday. The company has a market cap of $140.51 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. Banco Bilbao Viscaya Argentaria has a 1 year low of $10.60 and a 1 year high of $24.82. The firm has a 50 day moving average price of $22.48 and a 200 day moving average price of $19.63.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The company had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.47 billion. On average, sell-side analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Navigoe LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at approximately $26,000. Financial Management Professionals Inc. raised its holdings in Banco Bilbao Viscaya Argentaria by 105.9% in the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after acquiring an additional 949 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria during the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 183.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after acquiring an additional 1,033 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 45.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,456 shares of the bank’s stock worth $34,000 after acquiring an additional 456 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.