Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Downgraded by Wall Street Zen to Hold

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA opened at $15.06 on Friday. The company’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $13.37. Banco Bilbao Viscaya Argentaria has a 1 year low of $9.23 and a 1 year high of $16.00. The stock has a market capitalization of $87.92 billion, a PE ratio of 7.97, a P/E/G ratio of 1.54 and a beta of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.85% and a return on equity of 17.97%. As a group, sell-side analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA raised its stake in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,804 shares during the period. Bessemer Group Inc. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock valued at $53,000 after purchasing an additional 787 shares during the period. American Century Companies Inc. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 7.5% during the fourth quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank’s stock valued at $21,645,000 after purchasing an additional 156,006 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $209,000. Finally, LPL Financial LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 189.4% during the fourth quarter. LPL Financial LLC now owns 397,979 shares of the bank’s stock valued at $3,868,000 after purchasing an additional 260,472 shares during the period. 2.96% of the stock is owned by institutional investors and hedge funds.

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.