Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Lowered to Hold Rating by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods cut shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a moderate buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Finally, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA opened at $28.53 on Wednesday. The business’s 50-day moving average price is $25.46 and its 200 day moving average price is $23.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77. Banco Bilbao Viscaya Argentaria has a twelve month low of $17.77 and a twelve month high of $28.74. The company has a market capitalization of $162.88 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The company had revenue of $11.99 billion during the quarter. On average, research analysts predict that Banco Bilbao Viscaya Argentaria will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBVA. Redhawk Wealth Advisors Inc. increased its position in shares of Banco Bilbao Viscaya Argentaria by 6.1% during the second quarter. Redhawk Wealth Advisors Inc. now owns 64,149 shares of the bank’s stock worth $1,608,000 after acquiring an additional 3,694 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Banco Bilbao Viscaya Argentaria by 6.8% during the 2nd quarter. Valeo Financial Advisors LLC now owns 18,027 shares of the bank’s stock valued at $452,000 after purchasing an additional 1,151 shares in the last quarter. Williams & Novak LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth approximately $327,000. FNY Investment Advisers LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth approximately $37,000. Finally, 55 North Private Wealth LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 25.0% in the 2nd quarter. 55 North Private Wealth LLC now owns 18,376 shares of the bank’s stock valued at $460,000 after purchasing an additional 3,670 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Company 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.