Truist Financial Corp Sells 138,106 Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Truist Financial Corp reduced its position in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Get Rating) by 25.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 409,511 shares of the bank’s stock after selling 138,106 shares during the period. Truist Financial Corp’s holdings in Banco Bilbao Vizcaya Argentaria were worth $1,822,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in Banco Bilbao Vizcaya Argentaria by 124.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock valued at $39,000 after buying an additional 3,808 shares in the last quarter. Diligent Investors LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at about $44,000. Fieldpoint Private Securities LLC grew its holdings in Banco Bilbao Vizcaya Argentaria by 142.8% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 9,971 shares of the bank’s stock valued at $45,000 after buying an additional 5,864 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at about $56,000. Finally, Aptus Capital Advisors LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at about $59,000. 2.51% of the stock is currently owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Stock Performance

NYSE:BBVA opened at $6.93 on Wednesday. The business has a 50 day moving average of $5.97 and a 200 day moving average of $5.11. The company has a market capitalization of $44.26 billion, a price-to-earnings ratio of 6.60 and a beta of 1.29. Banco Bilbao Vizcaya Argentaria, S.A. has a 1-year low of $3.93 and a 1-year high of $6.97. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.10 and a quick ratio of 1.10.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) last announced its quarterly earnings data on Friday, October 28th. The bank reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.06. Banco Bilbao Vizcaya Argentaria had a return on equity of 13.66% and a net margin of 26.64%. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.06 billion. On average, sell-side analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Banco Bilbao Vizcaya Argentaria from €6.70 ($7.28) to €7.00 ($7.61) in a report on Tuesday, November 1st. AlphaValue raised Banco Bilbao Vizcaya Argentaria to a “buy” rating in a report on Thursday, December 8th. StockNews.com raised Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 11th. Berenberg Bank boosted their price objective on Banco Bilbao Vizcaya Argentaria from €5.30 ($5.76) to €5.80 ($6.30) in a report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Banco Bilbao Vizcaya Argentaria from €6.70 ($7.28) to €6.90 ($7.50) in a report on Monday, November 7th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.48.

About Banco Bilbao Vizcaya Argentaria

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Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.