Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Gets Downgrade from Wall Street Zen

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other analysts have also issued reports about the stock. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research note on Thursday, August 20th. The Goldman Sachs Group reissued a “buy” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods lowered shares of Banco Bilbao Vizcaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. Barclays restated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Tuesday, July 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Wednesday, August 5th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Up 5.4%

Shares of NYSE BBVA opened at $26.40 on Friday. The business has a fifty day simple moving average of $27.01 and a two-hundred day simple moving average of $24.81. The firm has a market cap of $147.34 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.67 and a beta of 0.85. Banco Bilbao Vizcaya Argentaria has a twelve month low of $20.21 and a twelve month high of $29.64.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in Banco Bilbao Vizcaya Argentaria by 4.9% in the first quarter. Bank of America Corp DE now owns 7,488,811 shares of the bank’s stock valued at $162,208,000 after purchasing an additional 352,011 shares during the last quarter. Quantinno Capital Management LP raised its holdings in Banco Bilbao Vizcaya Argentaria by 23.3% in the first quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank’s stock worth $26,492,000 after purchasing an additional 231,330 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 9.1% during the first quarter. Bank of New York Mellon Corp now owns 919,176 shares of the bank’s stock valued at $19,909,000 after buying an additional 76,694 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 13.0% during the second quarter. QRG Capital Management Inc. now owns 609,469 shares of the bank’s stock valued at $15,273,000 after buying an additional 70,207 shares during the last quarter. Finally, Assetmark Inc. lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 4.6% during the first quarter. Assetmark Inc. now owns 543,322 shares of the bank’s stock valued at $11,768,000 after buying an additional 23,866 shares during the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.