Northern Trust Corp Sells 546,349 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• Northern Trust Corp has decreased its stake in Banco Bilbao Viscaya Argentaria S.A. by 7.4%, selling 546,349 shares and retaining approximately 6.87 million shares valued at $93.6 million.
• In Q1, other institutional investors increased their positions in BBVA, with Private Trust Co. NA expanding its stake by 224.7%, while Bessemer Group Inc. grew its stake by 25.3%.
• BBVA stock has seen a price range of $9.23 to $19.39 over the past year, with recent earnings showing an EPS of $0.52, surpassing estimates by $0.05.

Northern Trust Corp decreased its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,872,528 shares of the bank's stock after selling 546,349 shares during the quarter. Northern Trust Corp owned about 0.12% of Banco Bilbao Viscaya Argentaria worth $93,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new stake in Banco Bilbao Viscaya Argentaria in the first quarter worth $29,000. Private Trust Co. NA lifted its stake 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 during the period. Cullen Frost Bankers Inc. purchased a new stake in Banco Bilbao Viscaya Argentaria in the first quarter worth $46,000. Bessemer Group Inc. lifted its stake in Banco Bilbao Viscaya Argentaria by 25.3% in the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock worth $53,000 after acquiring an additional 787 shares during the period. Finally, Manchester Capital Management LLC lifted its position in Banco Bilbao Viscaya Argentaria by 19.2% during the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after buying an additional 748 shares during the period. Hedge funds and other institutional investors own 2.96% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on BBVA shares. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research 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 given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA traded down $0.03 during trading hours on Friday, hitting $18.13. The company's stock had a trading volume of 860,882 shares, compared to its average volume of 1,532,546. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $19.39. The company's 50 day simple moving average is $16.59 and its two-hundred day simple moving average is $14.91. The company has a market cap of $105.81 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 1.42 and a beta of 1.12. 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 (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.24 billion. As a group, sell-side analysts expect 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.