Banco Bilbao Viscaya Argentaria S.A. $BBVA Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. decreased its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 5.8% during the 4th quarter, Holdings Channel reports. The firm owned 10,075,288 shares of the bank’s stock after selling 623,526 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $234,855,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BBVA. Basepoint Wealth LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $26,000. Root Financial Partners LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after purchasing an additional 426 shares during the period. Harbour Investments Inc. grew its position in shares of Banco Bilbao Viscaya Argentaria by 84.1% in the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after purchasing an additional 575 shares during the period. TD Waterhouse Canada Inc. grew its position in shares of Banco Bilbao Viscaya Argentaria by 50.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Down 2.7%

Banco Bilbao Viscaya Argentaria stock opened at $22.22 on Friday. The firm has a market cap of $126.82 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 0.58 and a beta of 0.81. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $14.63 and a 52-week high of $26.20. The company’s 50 day moving average is $22.33 and its two-hundred day moving average is $22.69.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. The company had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. On average, equities research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BBVA. Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings lowered shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

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.