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 lowered its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 10.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BBVA. Alpine Bank Wealth Management purchased a new position in Banco Bilbao Viscaya Argentaria in the first quarter worth about $29,000. Huntington National Bank lifted its position in Banco Bilbao Viscaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank's stock valued at $35,000 after purchasing an additional 1,778 shares in the last quarter. Private Trust Co. NA lifted its position in Banco Bilbao Viscaya Argentaria by 224.7% during 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. purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at $46,000. Finally, Bessemer Group Inc. raised its holdings in 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 Price Performance

Shares of Banco Bilbao Viscaya Argentaria stock traded up $0.30 on Thursday, hitting $18.04. 1,125,297 shares of the company were exchanged, compared to its average volume of 2,369,646. The stock has a market capitalization of $105.29 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 1.35 and a beta of 1.12. The company has a 50-day moving average price of $15.38 and a 200 day moving average price of $14.07. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $18.04. The company has a quick ratio of 0.22, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BBVA shares. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria 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.