Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Gap Down - Should You Sell?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $15.32, but opened at $14.85. Banco Bilbao Viscaya Argentaria shares last traded at $14.82, with a volume of 297,736 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Kepler Capital Markets upgraded shares of Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

The company has a 50-day simple moving average of $14.69 and a 200-day simple moving average of $12.90. The stock has a market cap of $86.72 billion, a P/E ratio of 7.85, a P/E/G ratio of 1.55 and a beta of 1.08.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BBVA. Symmetry Investments LP bought a new stake in Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $27,647,000. Northern Trust Corp grew 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 valued at $72,111,000 after acquiring an additional 2,424,880 shares during the period. Goldman Sachs Group Inc. raised its position 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 during the period. Millennium Management LLC increased its stake in Banco Bilbao Viscaya Argentaria by 514.5% during the 4th quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock worth $9,247,000 after purchasing an additional 796,526 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria during the 4th quarter worth approximately $7,333,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

About Banco Bilbao Viscaya Argentaria

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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