Marietta Investment Partners LLC Sells 30,136 Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Key Points

• Marietta Investment Partners LLC reduced its holdings in Banco Bilbao Viscaya Argentaria S.A. by 21.9% during the 1st quarter, currently owning 107,767 shares valued at $1,468,000.
• Banco Bilbao Viscaya Argentaria's stock price increased by 1.4%, with a current market capitalization of $90.17 billion and a price-to-earnings ratio of 8.17.
• Analysts have downgraded the stock rating from "buy" to "hold", but it still holds an average rating of "Buy" overall, with two analysts recommending a strong buy.

Marietta Investment Partners LLC decreased its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,767 shares of the bank's stock after selling 30,136 shares during the period. Marietta Investment Partners LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $1,468,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Alpine Bank Wealth Management acquired a new position in Banco Bilbao Viscaya Argentaria during the 1st quarter worth $29,000. Huntington National Bank grew its position in Banco Bilbao Viscaya Argentaria by 96.7% in the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank's stock valued at $35,000 after buying an additional 1,778 shares in the last quarter. Private Trust Co. NA raised its position in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock worth $36,000 after buying an additional 1,804 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $46,000. Finally, Bessemer Group Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after acquiring an additional 787 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Down 0.2%

Shares of NYSE BBVA traded down $0.03 during mid-day trading on Wednesday, reaching $15.62. The company had a trading volume of 927,974 shares, compared to its average volume of 2,394,594. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $16.00. The stock has a market cap of $91.16 billion, a PE ratio of 8.26, a P/E/G ratio of 1.20 and a beta of 1.06. The company has a 50-day moving average price of $15.19 and a two-hundred day moving average price of $13.83.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $10.61 billion during the quarter, compared to analysts' expectations of $9.12 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. On average, research analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two analysts have rated the stock with a hold rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Company Profile

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.