Stonegate Investment Group LLC Sells 130,700 Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)

Stonegate Investment Group LLC trimmed its holdings in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) by 67.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,745 shares of the bank's stock after selling 130,700 shares during the period. Stonegate Investment Group LLC's holdings in Banco Bilbao Viscaya Argentaria were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Huntington National Bank grew its holdings in Banco Bilbao Viscaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank's stock worth $35,000 after buying an additional 1,778 shares in the last quarter. IFP Advisors Inc boosted its holdings in Banco Bilbao Viscaya Argentaria by 20.7% during the 4th quarter. IFP Advisors Inc now owns 5,420 shares of the bank's stock worth $53,000 after acquiring an additional 930 shares during the last quarter. Quinn Opportunity Partners LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 4th quarter worth $97,000. Venturi Wealth Management LLC grew its stake in shares of Banco Bilbao Viscaya Argentaria by 901.1% in the 4th quarter. Venturi Wealth Management LLC now owns 10,061 shares of the bank's stock worth $98,000 after acquiring an additional 9,056 shares in the last quarter. Finally, Xponance Inc. purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at about $102,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of Banco Bilbao Viscaya Argentaria stock traded down $0.48 during trading hours on Wednesday, hitting $14.84. 1,787,453 shares of the company's stock traded hands, compared to its average volume of 1,894,430. The stock has a market capitalization of $86.64 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.57 and a beta of 1.08. Banco Bilbao Viscaya Argentaria S.A. has a 12-month low of $9.23 and a 12-month high of $15.67. The company has a fifty day simple moving average of $14.69 and a 200-day simple moving average of $12.90.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.47. The business had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $9.12 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. On average, analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Kepler Capital Markets raised shares of Banco Bilbao Viscaya Argentaria from a "reduce" rating to a "hold" rating in a research report on Thursday, February 27th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average 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.