Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Downgraded to “Neutral” Rating by UBS Group

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE:BBVA opened at $23.81 on Monday. The business’s fifty day moving average price is $22.31 and its two-hundred day moving average price is $22.12. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $13.24 and a fifty-two week high of $26.20. The stock has a market capitalization of $137.24 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.64 and a beta of 0.86.

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

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Several large investors have recently bought and sold shares of the company. Basepoint Wealth LLC bought a new position in Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $26,000. Root Financial Partners LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after acquiring an additional 426 shares in the last quarter. Harbour Investments Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 84.1% in the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after acquiring an additional 575 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Banco Bilbao Viscaya Argentaria by 50.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after purchasing an additional 440 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at about $31,000. Institutional investors own 2.96% of the company’s stock.

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.