Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Downgraded to Sector Perform Rating by Royal Bank Of Canada

Royal Bank Of Canada cut shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from an outperform rating to a sector perform rating in a report released on Wednesday morning, MarketBeat Ratings reports.

Several other brokerages have also recently commented on BBVA. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating for the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $25.14 on Wednesday. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $10.77 and a fifty-two week high of $26.14. The firm’s 50 day simple moving average is $23.10 and its 200-day simple moving average is $20.16. The company has a market cap of $144.86 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 0.91 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The firm had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.47 billion. On average, analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after buying an additional 2,034,318 shares during the last quarter. Capital International Investors grew its position in Banco Bilbao Viscaya Argentaria by 0.6% in the third quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock worth $125,914,000 after acquiring an additional 40,320 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 2.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock worth $110,788,000 after purchasing an additional 113,250 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after purchasing an additional 297,752 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 17.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,375,294 shares of the bank’s stock valued at $67,247,000 after purchasing an additional 637,519 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.