Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.
Banco Bilbao Viscaya Argentaria Trading Down 3.2%
BBVA traded down $0.50 during trading hours on Friday, hitting $15.06. The company's stock had a trading volume of 1,432,391 shares, compared to its average volume of 1,962,733. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $9.23 and a fifty-two week high of $16.00. The firm has a market capitalization of $87.92 billion, a PE ratio of 7.97, a PEG ratio of 1.54 and a beta of 1.06. The company has a 50-day simple moving average of $15.10 and a 200 day simple moving average of $13.37.
Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. The firm had revenue of $10.61 billion for the quarter, compared to analysts' expectations of $9.12 billion. Research analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria
Hedge funds have recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter worth $29,000. Huntington National Bank grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 96.7% in the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank's stock worth $35,000 after acquiring an additional 1,778 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 224.7% in the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock worth $36,000 after acquiring an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter worth $46,000. Finally, Bessemer Group Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 25.3% in the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock worth $53,000 after acquiring an additional 787 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.
About Banco Bilbao Viscaya Argentaria
(
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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.
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