Ascent Group LLC Buys 2,458 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Ascent Group LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 11.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,040 shares of the bank’s stock after purchasing an additional 2,458 shares during the period. Ascent Group LLC’s holdings in Banco Bilbao Vizcaya Argentaria were worth $285,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $28,000. Russell Investments Group Ltd. grew its holdings in Banco Bilbao Vizcaya Argentaria by 139.8% during the fourth quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock worth $36,000 after buying an additional 2,277 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 295.3% during the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after buying an additional 3,045 shares in the last quarter. Spire Wealth Management grew its holdings in Banco Bilbao Vizcaya Argentaria by 237.7% during the fourth quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock worth $36,000 after buying an additional 2,900 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Banco Bilbao Vizcaya Argentaria by 567.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock worth $55,000 after buying an additional 3,950 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of NYSE BBVA traded down $0.12 during trading on Monday, reaching $10.86. 2,302,238 shares of the stock traded hands, compared to its average volume of 1,481,640. Banco Bilbao Vizcaya Argentaria, S.A. has a 52-week low of $7.41 and a 52-week high of $12.20. The company has a 50-day moving average of $10.45 and a 200-day moving average of $10.47. The stock has a market capitalization of $63.37 billion, a P/E ratio of 7.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.32.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Monday, April 29th. The bank reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Banco Bilbao Vizcaya Argentaria had a return on equity of 15.34% and a net margin of 26.90%. The firm had revenue of $8.92 billion for the quarter. Analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, BNP Paribas downgraded Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.