OLD Mission Capital LLC Sells 39,374 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• OLD Mission Capital LLC reduced its stake in Banco Bilbao Viscaya Argentaria S.A. by 19.6%, selling 39,374 shares, leaving them with 161,245 shares valued at approximately $2.2 million.
• Banco Bilbao Viscaya Argentaria reported an EPS of $0.52 for the last quarter, exceeding analysts' estimates of $0.47, with revenues of $10.30 billion.
• Barclays upgraded the bank's rating from "equal weight" to "overweight," while there is a current consensus rating of "Buy" among analysts.

OLD Mission Capital LLC trimmed its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 161,245 shares of the bank's stock after selling 39,374 shares during the quarter. OLD Mission Capital LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vident Advisory LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 159.1% during the first quarter. Vident Advisory LLC now owns 447,780 shares of the bank's stock worth $6,099,000 after buying an additional 274,958 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 2.1% in the first quarter. Evergreen Capital Management LLC now owns 49,423 shares of the bank's stock worth $673,000 after acquiring an additional 1,011 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Banco Bilbao Viscaya Argentaria by 21.1% in the 1st quarter. Ieq Capital LLC now owns 41,614 shares of the bank's stock valued at $567,000 after acquiring an additional 7,261 shares in the last quarter. Synovus Financial Corp acquired a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $2,197,000. Finally, Walleye Capital LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at $1,918,000. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Stock Up 2.6%

Banco Bilbao Viscaya Argentaria stock traded up $0.48 during mid-day trading on Thursday, hitting $18.47. 1,112,609 shares of the company's stock were exchanged, compared to its average volume of 2,263,667. The stock has a market cap of $107.80 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average of $16.77 and a two-hundred day moving average of $15.03. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $9.23 and a 1-year high of $19.39.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BBVA. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria has a consensus rating of "Buy".

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.