Integrated Wealth Concepts LLC Sells 195,502 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Integrated Wealth Concepts LLC cut its position in Banco Bilbao Viscaya Argentaria S.A. by 75.8%, holding 62,282 shares valued at $848,000 after selling 195,502 shares in the first quarter.
• Several other institutional investors made notable adjustments, with Private Trust Co. NA increasing its stake by 224.7% during the same period.
• In recent analyst activity, Barclays upgraded BBVA from "equal weight" to "overweight," while Wall Street Zen lowered it from "buy" to "hold," resulting in an average rating of "Buy" for the stock.

Integrated Wealth Concepts LLC reduced its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 75.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 62,282 shares of the bank's stock after selling 195,502 shares during the period. Integrated Wealth Concepts LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $848,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in shares of Banco Bilbao Viscaya Argentaria in the first quarter worth about $29,000. Private Trust Co. NA increased its stake in Banco Bilbao Viscaya Argentaria by 224.7% in the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock valued at $36,000 after purchasing an additional 1,804 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $46,000. Bessemer Group Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 25.3% in the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after purchasing an additional 787 shares in the last quarter. Finally, Manchester Capital Management LLC increased its stake in Banco Bilbao Viscaya Argentaria by 19.2% in the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after purchasing an additional 748 shares in the last quarter. 2.96% of the stock is owned by institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock traded down $0.20 during trading hours on Wednesday, reaching $18.98. 1,616,855 shares of the stock were exchanged, compared to its average volume of 1,192,010. The company has a market cap of $110.80 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $9.23 and a twelve month high of $19.39. The stock has a 50 day moving average of $17.44 and a two-hundred day moving average of $15.43.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.24 billion. Equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BBVA. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has a consensus rating of "Buy".

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.