Cresset Asset Management LLC Has $813,000 Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Cresset Asset Management LLC has reduced its stock holdings in Banco Bilbao Viscaya Argentaria S.A. by 27.5% during the first quarter, now owning 59,722 shares valued at approximately $813,000.
• Several institutional investors have adjusted their positions, with notable increases including Private Trust Co. NA's 224.7% stake addition, now owning 2,607 shares.
• Analyst ratings for BBVA include a downgrade from Wall Street Zen to a "hold" rating, while Barclays upgraded it to "overweight," showing a mixed outlook among analysts.

Cresset Asset Management LLC lowered its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 27.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,722 shares of the bank's stock after selling 22,606 shares during the period. Cresset Asset Management LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $813,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Alpine Bank Wealth Management purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the first quarter valued at $29,000. Private Trust Co. NA increased its stake 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 worth $36,000 after acquiring an additional 1,804 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria during the first quarter worth about $46,000. Bessemer Group Inc. increased its stake 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 worth $53,000 after acquiring an additional 787 shares during the last quarter. Finally, Manchester Capital Management LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria by 19.2% in the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after buying an additional 748 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Stock Up 0.9%

Shares of Banco Bilbao Viscaya Argentaria stock traded up $0.16 during midday trading on Thursday, hitting $18.12. The company's stock had a trading volume of 446,444 shares, compared to its average volume of 2,289,663. The firm has a market capitalization of $105.80 billion, a P/E ratio of 9.54, a PEG ratio of 1.45 and a beta of 1.12. The stock has a 50-day simple moving average of $16.46 and a 200-day simple moving average of $14.83. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $19.39.

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

Wall Street Analyst Weigh In

BBVA has been the subject of a number of analyst reports. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

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.