Wall Street Zen Downgrades Banco Bilbao Viscaya Argentaria (NYSE:BBVA) to Hold

Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

Banco Bilbao Viscaya Argentaria Trading Down 2.7%

NYSE BBVA traded down $0.41 on Friday, hitting $14.76. 2,021,601 shares of the company's stock were exchanged, compared to its average volume of 1,969,200. The stock has a market cap of $86.14 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 1.48 and a beta of 1.06. Banco Bilbao Viscaya Argentaria has a 52 week low of $9.23 and a 52 week high of $16.00. The stock has a 50-day moving average of $15.12 and a 200-day moving average of $13.46.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. The company had revenue of $10.61 billion for the quarter, compared to analysts' expectations of $9.12 billion. As a group, analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Banco Bilbao Viscaya Argentaria by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock valued at $111,596,000 after acquiring an additional 163,044 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.2% during the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank's stock worth $149,020,000 after purchasing an additional 1,014,305 shares in the last quarter. Northern Trust Corp boosted its stake in Banco Bilbao Viscaya Argentaria by 48.6% in the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock worth $72,111,000 after buying an additional 2,424,880 shares in the last quarter. Clark Capital Management Group Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 6.6% in the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock worth $75,978,000 after buying an additional 347,564 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 13.7% during the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock valued at $49,654,000 after purchasing an additional 613,563 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya 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.