Banco Bilbao Viscaya Argentaria S.A. $BBVA Stake Lowered by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 7.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 392,141 shares of the bank’s stock after selling 32,669 shares during the quarter. Cetera Investment Advisers’ holdings in Banco Bilbao Viscaya Argentaria were worth $8,494,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE lifted its stake 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 valued at $142,760,000 after acquiring an additional 2,034,318 shares during the last quarter. Barclays PLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% during the 4th quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after purchasing an additional 3,428,336 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Banco Bilbao Viscaya Argentaria by 42.1% during the 4th quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank’s stock worth $34,539,000 after purchasing an additional 439,098 shares during the last quarter. Raymond James Financial Inc. raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 36.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank’s stock valued at $18,640,000 after purchasing an additional 326,367 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 53.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,089,572 shares of the bank’s stock valued at $20,974,000 after purchasing an additional 378,554 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Up 1.1%

NYSE:BBVA opened at $27.89 on Friday. The firm has a market capitalization of $159.25 billion, a PE ratio of 12.68, a PEG ratio of 0.78 and a beta of 0.80. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $16.44 and a 1 year high of $28.05. The firm’s fifty day simple moving average is $24.63 and its 200 day simple moving average is $23.44.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The company had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.24% and a net margin of 27.75%. As a group, analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BBVA has been the topic of several analyst reports. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. Weiss Ratings cut Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 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. Finally, Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria has a consensus rating of “Hold”.

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.