Envestnet Portfolio Solutions Inc. Cuts Stock Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Envestnet Portfolio Solutions Inc. lowered its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 47.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,422 shares of the bank's stock after selling 43,906 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $660,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank lifted its position in shares of Banco Bilbao Viscaya Argentaria by 96.7% during the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank's stock valued at $35,000 after buying an additional 1,778 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Banco Bilbao Viscaya Argentaria by 20.7% during the 4th quarter. IFP Advisors Inc now owns 5,420 shares of the bank's stock valued at $53,000 after purchasing an additional 930 shares during the period. Quinn Opportunity Partners LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $97,000. Xponance Inc. bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $102,000. Finally, Choate Investment Advisors bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $105,000. Hedge funds and other institutional investors own 2.96% of the company's stock.

Wall Street Analysts Forecast Growth

BBVA has been the topic of a number of analyst reports. Kepler Capital Markets upgraded Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA opened at $14.98 on Friday. The stock has a market cap of $87.45 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 1.47 and a beta of 1.08. The stock has a 50 day simple moving average of $14.75 and a two-hundred day simple moving average of $12.95. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $9.23 and a fifty-two week high of $15.67.

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

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