Invesco Ltd. Sells 23,144 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Invesco Ltd. reduced its stake in Banco Bilbao Viscaya Argentaria S.A. by 27.8%, selling 23,144 shares and leaving it with a total of 60,147 shares valued at approximately $819,000.
• Other hedge funds have varied their stakes, with Private Trust Co. NA significantly increasing its position by 224.7%, now holding shares valued at $36,000.
• Banco Bilbao Viscaya Argentaria reported earnings per share (EPS) of $0.52, exceeding analysts' expectations, alongside revenue of $10.30 billion for the quarter.

Invesco Ltd. reduced its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 60,147 shares of the bank's stock after selling 23,144 shares during the quarter. Invesco Ltd.'s holdings in Banco Bilbao Viscaya Argentaria were worth $819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $29,000. Private Trust Co. NA lifted its holdings in Banco Bilbao Viscaya Argentaria by 224.7% in 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. Cullen Frost Bankers Inc. acquired a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $46,000. Bessemer Group Inc. lifted its holdings in 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 during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 19.2% in the 1st quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock worth $63,000 after purchasing an additional 748 shares during the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA traded up $0.14 on Tuesday, reaching $18.65. 867,176 shares of the stock traded hands, compared to its average volume of 1,297,228. The firm has a market cap of $108.88 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 1.45 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $19.39. The stock's 50-day moving average price is $17.03 and its 200-day moving average price is $15.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. Equities analysts forecast 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.