Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded BBVA from “buy” to “hold.” Several other firms have also lowered their ratings; MarketBeat reports a consensus “hold” based on four buy, eight hold, and one sell rating.
• BBVA shares opened at $25.07, within their 52-week range of $20.10–$29.64. The bank’s market capitalization was about $139.9 billion, with a P/E ratio of 10.85.
• Institutional investors made mixed but mostly increased adjustments to their holdings in the third quarter; institutional ownership was reported at 2.96%.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

A number of other research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a report on Wednesday, August 5th. Bank of America downgraded shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods downgraded shares of Banco Bilbao Vizcaya Argentaria from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Barclays reiterated a "neutral" rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Tuesday, July 14th. Finally, Banco Sabadell cut shares of Banco Bilbao Vizcaya Argentaria to an "underweight" rating in a research note on Wednesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of "Hold".

Banco Bilbao Vizcaya Argentaria Price Performance

NYSE:BBVA opened at $25.07 on Friday. Banco Bilbao Vizcaya Argentaria has a 1 year low of $20.10 and a 1 year high of $29.64. The stock's 50 day simple moving average is $27.06 and its two-hundred day simple moving average is $24.80. The company has a market cap of $139.89 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 0.66 and a beta of 0.85.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors have recently modified their holdings of the stock. Allworth Financial LP grew its position in Banco Bilbao Vizcaya Argentaria by 43.4% in the 3rd quarter. Allworth Financial LP now owns 7,397 shares of the bank's stock valued at $206,000 after acquiring an additional 2,237 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 129.2% during the third quarter. Russell Investments Group Ltd. now owns 399,297 shares of the bank's stock worth $11,128,000 after purchasing an additional 225,047 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 10.7% during the third quarter. Fifth Third Bancorp now owns 143,362 shares of the bank's stock worth $3,995,000 after purchasing an additional 13,815 shares during the last quarter. Jacobi Capital Management LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at $101,000. Finally, First Command Advisory Services Inc. boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 435.2% during the third quarter. First Command Advisory Services Inc. now owns 9,746 shares of the bank's stock valued at $272,000 after purchasing an additional 7,925 shares during the period. 2.96% of the stock is owned by 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.

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