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

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently weighed in on BBVA. UBS Group restated a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Zacks Research cut shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings lowered shares of Banco Bilbao Viscaya Argentaria from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Performance

Banco Bilbao Viscaya Argentaria stock opened at $22.29 on Friday. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $14.35 and a fifty-two week high of $26.20. The stock has a market cap of $127.22 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.57 and a beta of 0.81. The firm's 50-day simple moving average is $21.95 and its 200 day simple moving average is $22.39.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The business had revenue of $12.33 billion for the quarter. As a group, analysts predict that Banco Bilbao Viscaya Argentaria will post 2.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several institutional investors have recently added to or reduced their stakes in the stock. Dynasty Wealth Management LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at about $876,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at about $2,478,000. JPMorgan Chase & Co. grew its holdings in Banco Bilbao Viscaya Argentaria by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank's stock valued at $93,288,000 after buying an additional 297,752 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 4th quarter valued at about $3,286,000. Finally, Evergreen Capital Management LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 50.4% during the 3rd quarter. Evergreen Capital Management LLC now owns 79,135 shares of the bank's stock valued at $1,523,000 after buying an additional 26,508 shares in the last quarter. Institutional investors own 2.96% of the company's stock.

About Banco Bilbao Viscaya Argentaria

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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