Marks Group Wealth Management Inc Sells 21,181 Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Marks Group Wealth Management Inc trimmed its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 23.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,299 shares of the bank's stock after selling 21,181 shares during the quarter. Marks Group Wealth Management Inc's holdings in Banco Bilbao Viscaya Argentaria were worth $930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Banco Bilbao Viscaya Argentaria by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,481,085 shares of the bank's stock worth $111,596,000 after acquiring an additional 163,044 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 48.6% in the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after purchasing an additional 2,424,880 shares in the last quarter. Bank of America Corp DE raised its position in Banco Bilbao Viscaya Argentaria by 13.7% in the 4th quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock worth $49,654,000 after purchasing an additional 613,563 shares during the last quarter. Symmetry Investments LP acquired a new position in Banco Bilbao Viscaya Argentaria during the 4th quarter worth $27,647,000. Finally, American Century Companies Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 7.5% in 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 during the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday. Two investment 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.com, Banco Bilbao Viscaya Argentaria currently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

BBVA opened at $15.06 on Monday. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $9.23 and a fifty-two week high of $16.00. The company has a market cap of $87.92 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 1.48 and a beta of 1.06. The firm has a 50 day simple moving average of $15.10 and a 200 day simple moving average of $13.42.

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

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.

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