DAVENPORT & Co LLC Trims Stock Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

DAVENPORT & Co LLC cut its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 48.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,267 shares of the bank's stock after selling 93,820 shares during the period. DAVENPORT & Co LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $1,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 25.3% in 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. American Century Companies Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 7.5% during the fourth quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank's stock worth $21,645,000 after buying an additional 156,006 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth $209,000. LPL Financial LLC boosted its stake in 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 buying an additional 260,472 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 444,961 shares of the bank's stock worth $4,325,000 after buying an additional 67,431 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th. One analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

Shares of Banco Bilbao Viscaya Argentaria stock traded up $0.24 during trading on Friday, hitting $15.64. 1,532,790 shares of the stock were exchanged, compared to its average volume of 1,909,615. The stock has a market cap of $91.31 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.06. The firm's 50-day moving average price is $14.94 and its 200 day moving average price is $13.20. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $15.67.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting analysts' consensus estimates of $0.47. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. The firm had revenue of $10.61 billion during the quarter, compared to analysts' expectations of $9.12 billion. As a group, research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current 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.