NewEdge Advisors LLC Cuts Stock Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• NewEdge Advisors reduced its BBVA position by 31.1% in the first quarter, selling 68,426 shares and retaining 151,479 shares valued at approximately $3.28 million.
• BBVA shares opened at $28.53, near their 52-week high of $28.74, with a market capitalization of $162.88 billion. The bank reported quarterly revenue of $11.99 billion, EPS of $0.62, a 27.75% net margin and an 18.05% return on equity.
• Analyst sentiment is mostly cautious: one analyst rates BBVA a Buy and six rate it Hold, resulting in an overall “Hold” consensus, despite some recent upgrades and downgrades.

NewEdge Advisors LLC cut its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 31.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 151,479 shares of the bank's stock after selling 68,426 shares during the period. NewEdge Advisors LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $3,281,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter worth about $26,000. Root Financial Partners LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock valued at $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter worth $27,000. Harbour Investments Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock worth $29,000 after purchasing an additional 575 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank's stock worth $30,000 after buying an additional 440 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $28.53 on Thursday. The firm has a 50 day moving average of $25.46 and a two-hundred day moving average of $23.65. The stock has a market capitalization of $162.88 billion, a PE ratio of 12.97, a P/E/G ratio of 0.76 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $17.77 and a 52 week high of $28.74.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. On average, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 EPS for the current fiscal year.

Analyst Ratings Changes

BBVA has been the subject of a number of research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. UBS Group restated a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Bank of America lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Finally, Barclays cut Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain's largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA's core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.

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