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

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was downgraded by equities researchers at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday,Finviz reports.

A number of other brokerages have also commented on BBVA. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, Morgan Stanley initiated coverage on Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating on the stock. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Up 2.7%

BBVA opened at $26.10 on Wednesday. Banco Bilbao Viscaya Argentaria has a 1-year low of $10.77 and a 1-year high of $26.14. The company has a market cap of $150.42 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.88 and a beta of 0.82. The company’s fifty day moving average price is $23.01 and its two-hundred day moving average price is $20.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $10.47 billion. As a group, equities analysts forecast that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Dynasty Wealth Management LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at about $876,000. Rathbones Group PLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 4.6% in the second quarter. Rathbones Group PLC now owns 70,175 shares of the bank’s stock valued at $1,079,000 after acquiring an additional 3,066 shares during the period. Osaic Holdings Inc. grew its stake in Banco Bilbao Viscaya Argentaria by 612.4% during the second quarter. Osaic Holdings Inc. now owns 515,444 shares of the bank’s stock valued at $7,922,000 after acquiring an additional 443,092 shares in the last quarter. Beck Bode LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth approximately $1,342,000. Finally, US Bancorp DE lifted its stake in Banco Bilbao Viscaya Argentaria by 3.3% in the 2nd quarter. US Bancorp DE now owns 781,851 shares of the bank’s stock worth $12,017,000 after purchasing an additional 25,148 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

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.