Envestnet Asset Management Inc. Lowers Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Envestnet Asset Management Inc. decreased its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 19.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,737,775 shares of the bank's stock after selling 918,224 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Banco Bilbao Viscaya Argentaria worth $50,908,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock valued at $111,596,000 after buying an additional 163,044 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 48.6% during the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after buying an additional 2,424,880 shares in the last quarter. Bank of America Corp DE lifted its stake 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 buying an additional 613,563 shares in the last quarter. Symmetry Investments LP purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $27,647,000. Finally, American Century Companies Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 7.5% during the 4th quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank's stock valued at $21,645,000 after buying an additional 156,006 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Stock Down 3.2%

Shares of BBVA stock opened at $15.06 on Friday. The stock has a market cap of $87.92 billion, a P/E ratio of 7.97, a PEG ratio of 1.48 and a beta of 1.06. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $16.00. The company's fifty day simple moving average is $15.10 and its two-hundred day simple moving average is $13.40.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has a consensus rating of "Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.