Banco Bilbao Viscaya Argentaria S.A. $BBVA Stock Holdings Decreased by Rhumbline Advisers

Key Points

• Rhumbline Advisers reduced its stake in Banco Bilbao Viscaya Argentaria S.A. by 15.4%, selling 17,225 shares during the 1st quarter, leaving it with 94,647 shares valued at $1,289,000.
• Several institutional investors increased their positions, with Goldman Sachs boosting its holdings by 10.2% and Millennium Management significantly increasing its stake by 514.5%.
• Analysts set new price targets, with Barclays upgrading the stock to an "overweight" rating while another firm downgraded it to a "hold," leaving it with a consensus rating of "Buy."

Rhumbline Advisers decreased its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 15.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,647 shares of the bank's stock after selling 17,225 shares during the quarter. Rhumbline Advisers' holdings in Banco Bilbao Viscaya Argentaria were worth $1,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BBVA. Goldman Sachs Group Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank's stock valued at $149,020,000 after purchasing an additional 1,014,305 shares in the last quarter. Millennium Management LLC increased its position in Banco Bilbao Viscaya Argentaria by 514.5% during the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock worth $9,247,000 after buying an additional 796,526 shares during the period. Clark Capital Management Group Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.6% in the first quarter. Clark Capital Management Group Inc. now owns 5,578,381 shares of the bank's stock valued at $75,978,000 after acquiring an additional 347,564 shares during the period. Lesa Sroufe & Co purchased a new position in Banco Bilbao Viscaya Argentaria during the 1st quarter worth $4,261,000. Finally, Vident Advisory LLC raised its stake in Banco Bilbao Viscaya Argentaria by 159.1% during the 1st quarter. Vident Advisory LLC now owns 447,780 shares of the bank's stock valued at $6,099,000 after acquiring an additional 274,958 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

BBVA traded up $0.21 on Friday, hitting $19.33. 1,031,453 shares of the company were exchanged, compared to its average volume of 1,241,107. Banco Bilbao Viscaya Argentaria S.A. has a fifty-two week low of $9.23 and a fifty-two week high of $19.41. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $112.85 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.20. The business's fifty day moving average is $17.60 and its 200 day moving average is $15.52.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. As a group, sell-side analysts anticipate 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.