Archford Capital Strategies LLC Sells 52,849 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Archford Capital Strategies LLC reduced its BBVA position by 74.2% in the second quarter, selling 52,849 shares and retaining 18,366 shares valued at approximately $460,000.
• Analyst sentiment is mixed but leans cautious: BBVA has an average “Hold” rating, based on one Buy rating and seven Hold ratings.
• BBVA shares opened at $28.79, near their 52-week high of $29.64. The bank reported quarterly earnings of $0.62 per share on $11.99 billion in revenue, with analysts expecting full-year EPS of $2.42.

Archford Capital Strategies LLC lessened its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 74.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,366 shares of the bank's stock after selling 52,849 shares during the period. Archford Capital Strategies LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BBVA. Basepoint Wealth LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter worth about $26,000. Root Financial Partners LLC raised its stake in Banco Bilbao Viscaya Argentaria by 59.6% during the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock worth $27,000 after acquiring an additional 426 shares during the period. Whipplewood Advisors LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $27,000. Harbour Investments Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 2.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BBVA. Weiss Ratings reissued a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Bank of America lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Keefe, Bruyette & Woods downgraded Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE:BBVA opened at $28.79 on Friday. The firm has a market cap of $160.68 billion, a price-to-earnings ratio of 13.09, a P/E/G ratio of 0.77 and a beta of 0.80. The firm has a fifty day moving average price of $27.58 and a 200 day moving average price of $24.32. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $17.90 and a fifty-two week high of $29.64. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. As a group, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Profile

Banco Bilbao Vizcaya Argentaria, SA NYSE: BBVA is a global financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, asset management, private banking, payments and insurance-related services to individuals, businesses, institutions and public-sector customers.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

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