Capital World Investors Cuts Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Capital World Investors cut its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 343,673 shares of the bank’s stock after selling 28,476 shares during the quarter. Capital World Investors’ holdings in Banco Bilbao Viscaya Argentaria were worth $8,059,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archford Capital Strategies LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at $3,286,000. JPMorgan Chase & Co. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock valued at $93,288,000 after acquiring an additional 297,752 shares during the period. Rathbones Group PLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 250.8% in the 3rd quarter. Rathbones Group PLC now owns 246,151 shares of the bank’s stock valued at $4,738,000 after acquiring an additional 175,976 shares during the period. Caprock Group LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $3,114,000. Finally, JCIC Asset Management Inc. purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter valued at $3,075,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of BBVA stock opened at $22.56 on Wednesday. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $14.63 and a 1-year high of $26.20. The stock’s fifty day moving average price is $22.40 and its 200 day moving average price is $22.73. The company has a market cap of $128.77 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 0.59 and a beta of 0.81.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The business had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. As a group, equities research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current year.

Wall Street Analyst Weigh In

BBVA has been the topic of a number of analyst reports. Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Barclays downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Finally, Zacks Research downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria 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.