Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Gets Downgrade from Zacks Research

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other brokerages have also recently commented on BBVA. Banco Sabadell cut Banco Bilbao Vizcaya Argentaria to an “underweight” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, September 24th. UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, August 20th. Bank of America cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Performance

NYSE:BBVA opened at $25.23 on Monday. Banco Bilbao Vizcaya Argentaria has a 52 week low of $19.82 and a 52 week high of $29.64. The stock’s fifty day moving average is $27.75 and its two-hundred day moving average is $24.79.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $11.99 billion during the quarter. Equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 2.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Banco Bilbao Vizcaya Argentaria by 4.9% during the 1st quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank’s stock worth $162,208,000 after acquiring an additional 352,011 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Banco Bilbao Vizcaya Argentaria by 23.3% in the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock valued at $26,492,000 after acquiring an additional 231,330 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the first quarter worth about $4,471,000. Boston Common Asset Management LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the first quarter worth about $3,440,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank’s stock worth $19,909,000 after purchasing an additional 76,694 shares during the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.