Vestmark Advisory Solutions Inc. Trims Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Vestmark Advisory Solutions Inc. trimmed its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 51.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,823 shares of the bank’s stock after selling 59,531 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,075,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of BBVA. Advisors Preferred LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the third quarter worth approximately $488,000. NewEdge Wealth LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 7.7% during the 3rd quarter. NewEdge Wealth LLC now owns 585,922 shares of the bank’s stock valued at $11,988,000 after buying an additional 42,016 shares during the period. Syon Capital LLC raised its position in Banco Bilbao Viscaya Argentaria by 7.7% in the third quarter. Syon Capital LLC now owns 95,016 shares of the bank’s stock valued at $1,829,000 after purchasing an additional 6,762 shares during the period. JPMorgan Chase & Co. boosted its stake in Banco Bilbao Viscaya Argentaria by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after buying an additional 297,752 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 5.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 224,918 shares of the bank’s stock worth $4,330,000 after acquiring an additional 12,477 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $23.79 on Thursday. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $11.59 and a 1 year high of $26.20. The firm has a market cap of $137.08 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.59 and a beta of 0.80. The stock’s 50-day moving average is $24.02 and its two-hundred day moving average is $21.30.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $11.49 billion for the quarter, compared to analyst estimates of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. As a group, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analysts Set New Price Targets

BBVA has been the topic of a number of research reports. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria 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.