Natixis Advisors LLC Cuts Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Key Points

• Natixis Advisors LLC reduced its stake in Banco Bilbao Viscaya Argentaria S.A. by 3.8%, selling 33,185 shares, leaving it with 834,614 shares valued at approximately $11.37 million.
• Other institutional investors such as Dimensional Fund Advisors and Northern Trust Corp have significantly increased their positions in the bank, indicating ongoing investment interest despite Natixis's sale.
• Banco Bilbao Viscaya Argentaria reported stronger-than-expected quarterly earnings with an EPS of $0.52, surpassing the consensus estimate of $0.47, while its stock price hovered around $17.07.

Natixis Advisors LLC trimmed its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 834,614 shares of the bank's stock after selling 33,185 shares during the period. Natixis Advisors LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $11,368,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BBVA. Symmetry Investments LP purchased a new position in Banco Bilbao Viscaya Argentaria in the 4th quarter worth approximately $27,647,000. Northern Trust Corp raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 48.6% during the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after purchasing an additional 2,424,880 shares during the last quarter. Millennium Management LLC increased its position in Banco Bilbao Viscaya Argentaria by 514.5% during the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock valued at $9,247,000 after acquiring an additional 796,526 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter worth $7,333,000. Finally, Bank of America Corp DE grew its position in shares of Banco Bilbao Viscaya Argentaria by 13.7% during the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock valued at $49,654,000 after acquiring an additional 613,563 shares during the period. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA traded up $0.22 on Tuesday, reaching $17.28. 1,474,519 shares of the stock were exchanged, compared to its average volume of 2,392,997. The company's 50-day moving average price is $15.29 and its 200 day moving average price is $14.02. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.22. The firm has a market capitalization 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 S.A. has a fifty-two week low of $9.23 and a fifty-two week high of $17.33.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $10.30 billion for the quarter, compared to the consensus estimate 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 forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.