Dimensional Fund Advisors LP Decreases Stock Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Dimensional Fund Advisors LP reduced its stake in Banco Bilbao Viscaya Argentaria S.A. by 6.3%, owning 10,756,256 shares after selling 724,829 shares during the first quarter.
• Multiple hedge funds increased their positions in the bank, with Private Trust Co. NA boosting its stake by 224.7%, while Bessemer Group Inc. raised its stake by 25.3%.
• Barclays upgraded Banco Bilbao Viscaya Argentaria to an "overweight" rating, while the stock currently holds a consensus rating of "Buy" from analysts.

Dimensional Fund Advisors LP cut its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 6.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,756,256 shares of the bank's stock after selling 724,829 shares during the period. Dimensional Fund Advisors LP owned 0.18% of Banco Bilbao Viscaya Argentaria worth $146,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in Banco Bilbao Viscaya Argentaria by 224.7% during the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock worth $36,000 after purchasing an additional 1,804 shares during the last quarter. Bessemer Group Inc. lifted 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 buying an additional 787 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth about $209,000. GAMMA Investing LLC grew its stake in Banco Bilbao Viscaya Argentaria by 48.5% during the 1st quarter. GAMMA Investing LLC now owns 16,135 shares of the bank's stock valued at $220,000 after acquiring an additional 5,269 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 3.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank's stock valued at $474,000 after acquiring an additional 1,222 shares during the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a report on Thursday, August 7th. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE:BBVA opened at $18.8850 on Thursday. The company's 50-day moving average is $16.11 and its two-hundred day moving average is $14.59. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $19.39. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $110.25 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.48 and a beta of 1.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS 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.

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