Choreo LLC Lowers Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Choreo LLC decreased its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 26.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,871 shares of the bank's stock after selling 49,525 shares during the quarter. Choreo LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $1,919,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Up 1.4%

Shares of NYSE:BBVA traded up $0.22 during trading on Friday, reaching $15.45. The company's stock had a trading volume of 1,631,335 shares, compared to its average volume of 2,413,711. The firm's 50 day simple moving average is $15.19 and its two-hundred day simple moving average is $13.74. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $16.00. The stock has a market capitalization of $90.17 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.19 and a beta of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. Research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

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.