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

Key Points

• Keefe, Bruyette & Woods downgraded BBVA from “moderate buy” to “hold,” while the broader analyst consensus is also “Hold,” with one Buy rating and seven Hold ratings.
• BBVA shares opened at $28.53, near their 12-month high of $28.74, and were up 0.1%. The bank reported quarterly EPS of $0.62 on $11.99 billion in revenue.
• Institutional investors and hedge funds increased their positions in BBVA, but collectively own only 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) was downgraded by stock analysts at Keefe, Bruyette & Woods from a "moderate buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

BBVA has been the subject of several other reports. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group restated a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Barclays cut Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. Finally, Bank of America lowered shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Up 0.1%

Shares of NYSE BBVA opened at $28.53 on Wednesday. The company has a market cap of $162.88 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.76 and a beta of 0.80. 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 12 month low of $17.77 and a 12 month high of $28.74. The stock has a 50-day moving average price of $25.46 and a two-hundred day moving average price of $23.65.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. As a group, analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock worth $27,000 after purchasing an additional 426 shares during the period. Seeds Investor LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 3.0% during the fourth quarter. Seeds Investor LLC now owns 15,003 shares of the bank's stock valued at $350,000 after buying an additional 439 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 50.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank's stock worth $30,000 after buying an additional 440 shares in the last quarter. Jain Global LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 0.9% in the fourth quarter. Jain Global LLC now owns 52,925 shares of the bank's stock worth $1,234,000 after buying an additional 473 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its position in shares of Banco Bilbao Viscaya Argentaria by 4.1% in the second quarter. Peapack Gladstone Financial Corp now owns 14,304 shares of the bank's stock valued at $220,000 after acquiring an additional 563 shares during the period. Institutional investors and hedge funds own 2.96% of the company's stock.

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.

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