Oppenheimer Asset Management Inc. Reduces Stock Position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 41.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 275,400 shares of the bank's stock after selling 194,453 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Banco Bilbao Viscaya Argentaria were worth $3,751,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. raised its stake in Banco Bilbao Viscaya Argentaria by 40.6% in the 1st quarter. Blue Trust Inc. now owns 30,231 shares of the bank's stock valued at $412,000 after acquiring an additional 8,735 shares during the period. Clarius Group LLC raised its stake in Banco Bilbao Viscaya Argentaria by 5.9% in the 1st quarter. Clarius Group LLC now owns 24,596 shares of the bank's stock valued at $335,000 after acquiring an additional 1,374 shares during the period. Lesa Sroufe & Co bought a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at about $4,261,000. Sagespring Wealth Partners LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at about $278,000. Finally, Adero Partners LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at about $180,000. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Trading Up 1.8%

Shares of NYSE BBVA traded up $0.28 during midday trading on Friday, hitting $15.25. 1,518,992 shares of the company's stock were exchanged, compared to its average volume of 1,902,658. The company has a market cap of $89.00 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 1.51 and a beta of 1.08. The business's fifty day moving average price is $14.78 and its two-hundred day moving average price is $13.03. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $15.67.

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

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research report on Saturday. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria currently has a consensus rating of "Buy".

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.