Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Holdings Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,737,775 shares of the bank's stock after selling 918,224 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Banco Bilbao Viscaya Argentaria worth $50,908,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BBVA. Private Trust Co. NA raised its position in Banco Bilbao Viscaya Argentaria by 224.7% in 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 in the last quarter. Bessemer Group Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 25.3% in the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock worth $53,000 after purchasing an additional 787 shares in the last quarter. American Century Companies Inc. lifted 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 valued at $21,645,000 after purchasing an additional 156,006 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the first quarter worth approximately $209,000. Finally, LPL Financial LLC grew its position in Banco Bilbao Viscaya Argentaria by 189.4% in 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. Institutional investors own 2.96% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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 given a strong buy rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria presently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of NYSE:BBVA traded up $0.18 during mid-day trading on Wednesday, hitting $14.92. The stock had a trading volume of 4,305,635 shares, compared to its average volume of 2,427,993. The company's 50 day moving average is $15.13 and its 200-day moving average is $13.47. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $16.00. The company has a market cap of $87.07 billion, a PE ratio of 7.89, a P/E/G ratio of 1.48 and a beta of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.47. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. The company had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. On average, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

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.