Fisher Asset Management LLC Sells 3,111,897 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Fisher Asset Management LLC lessened its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,310,215 shares of the bank’s stock after selling 3,111,897 shares during the period. Fisher Asset Management LLC owned approximately 0.66% of Banco Bilbao Viscaya Argentaria worth $737,472,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Navigoe LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the 3rd quarter worth $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria in the second quarter valued at $30,000. Cornerstone Planning Group LLC raised its position in Banco Bilbao Viscaya Argentaria by 183.2% during the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,033 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 2,989.5% during the third quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after purchasing an additional 2,272 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after purchasing an additional 1,158 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Down 2.4%

Banco Bilbao Viscaya Argentaria stock opened at $23.10 on Monday. The firm has a market cap of $133.10 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.58 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $11.59 and a 1-year high of $26.20. The firm has a 50-day moving average of $24.04 and a 200-day moving average of $21.39.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. The firm had revenue of $11.49 billion for the quarter, compared to analyst estimates of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. Research analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Banco Bilbao Viscaya Argentaria

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.