Invesco Ltd. Sells 23,144 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Invesco Ltd. lowered its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 27.8% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 60,147 shares of the bank’s stock after selling 23,144 shares during the period. Invesco Ltd.’s holdings in Banco Bilbao Viscaya Argentaria were worth $819,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in Banco Bilbao Viscaya Argentaria by 224.7% during the 1st 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 last quarter. Bessemer Group Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 25.3% during the 1st 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 last quarter. Elevation Point Wealth Partners LLC acquired a new position in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at about $209,000. GAMMA Investing LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 48.5% during the 1st quarter. GAMMA Investing LLC now owns 16,135 shares of the bank’s stock valued at $220,000 after purchasing an additional 5,269 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 3.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank’s stock valued at $474,000 after purchasing an additional 1,222 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Down 0.5%

NYSE:BBVA opened at $17.99 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $105.00 billion, a PE ratio of 9.47, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. The firm’s 50 day moving average is $16.77 and its 200 day moving average is $15.03. Banco Bilbao Viscaya Argentaria S.A. has a 12 month low of $9.23 and a 12 month high of $19.39.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. Sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports 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 report on Saturday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Banco Bilbao Viscaya Argentaria 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.