US Bancorp DE Cuts Stake in Banco Bilbao Viscaya Argentaria S.A. $BBVA

US Bancorp DE cut its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 5.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 742,660 shares of the bank’s stock after selling 39,191 shares during the period. US Bancorp DE’s holdings in Banco Bilbao Viscaya Argentaria were worth $14,296,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Navigoe LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the 2nd quarter worth $30,000. Cornerstone Planning Group LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 183.2% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after purchasing an additional 1,033 shares in the last quarter. Salomon & Ludwin LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% during the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock valued at $45,000 after purchasing an additional 2,272 shares in the last quarter. Finally, Westside Investment Management Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 100.0% in the third quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after purchasing an additional 1,158 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Down 2.4%

Shares of BBVA opened at $23.10 on Friday. The business has a fifty day moving average of $24.04 and a 200 day moving average of $21.37. The company has a market cap of $133.10 billion, a PE ratio of 11.72, a P/E/G ratio of 0.58 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $11.59 and a 52-week high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. The business had revenue of $11.49 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. As a group, research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Banco Bilbao Viscaya Argentaria

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.