Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Rating Lowered to “Neutral” at Bank of America

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

BBVA has been the subject of a number of other reports. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Finally, Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 1.1%

NYSE:BBVA opened at $25.67 on Wednesday. Banco Bilbao Viscaya Argentaria has a 52-week low of $14.63 and a 52-week high of $26.40. The stock has a fifty day simple moving average of $23.59 and a 200-day simple moving average of $23.20. The company has a market capitalization of $146.55 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.63 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The firm had revenue of $12.33 billion for the quarter. As a group, equities analysts anticipate that Banco Bilbao Viscaya Argentaria will post 2.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBVA. Redhawk Wealth Advisors Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 6.1% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 64,149 shares of the bank’s stock worth $1,608,000 after purchasing an additional 3,694 shares during the period. Valeo Financial Advisors LLC increased its stake in Banco Bilbao Viscaya Argentaria by 6.8% in the second quarter. Valeo Financial Advisors LLC now owns 18,027 shares of the bank’s stock valued at $452,000 after purchasing an additional 1,151 shares during the last quarter. Williams & Novak LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the second quarter worth about $327,000. FNY Investment Advisers LLC acquired a new stake in Banco Bilbao Viscaya Argentaria in the 2nd quarter worth about $37,000. Finally, 55 North Private Wealth LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 25.0% in the 2nd quarter. 55 North Private Wealth LLC now owns 18,376 shares of the bank’s stock valued at $460,000 after buying an additional 3,670 shares during the period. 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.