Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE has reduced its stake in Banco Bilbao Viscaya Argentaria S.A. by 10.8%, now holding 756,703 shares worth approximately $10.3 million.
• Banco Bilbao Viscaya Argentaria's stock recently increased by 2.4%, trading at $17.07 with a market capitalization of $99.62 billion.
• Analysts at Wall Street Zen have downgraded the bank's rating from "buy" to "hold."

US Bancorp DE reduced its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 756,703 shares of the bank's stock after selling 91,920 shares during the period. US Bancorp DE's holdings in Banco Bilbao Viscaya Argentaria were worth $10,306,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in Banco Bilbao Viscaya Argentaria by 224.7% in the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock valued at $36,000 after buying an additional 1,804 shares during the last quarter. Bessemer Group Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 25.3% in the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after buying an additional 787 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the first quarter worth about $209,000. LPL Financial LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 189.4% during the fourth quarter. LPL Financial LLC now owns 397,979 shares of the bank's stock worth $3,868,000 after purchasing an additional 260,472 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 48.5% during the first quarter. GAMMA Investing LLC now owns 16,135 shares of the bank's stock worth $220,000 after purchasing an additional 5,269 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA traded up $0.22 during trading hours on Tuesday, reaching $17.28. The company's stock had a trading volume of 1,474,519 shares, compared to its average volume of 2,392,997. The company has a current ratio of 1.01, a quick ratio of 0.22 and a debt-to-equity ratio of 1.18. The business has a 50-day simple moving average of $15.29 and a 200 day simple moving average of $14.02. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $17.33. The stock has a market cap of $100.88 billion, a PE ratio of 9.09, a PEG ratio of 1.34 and a beta of 1.12.

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

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.

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.