Norden Group LLC Decreases Stake in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Norden Group LLC lowered its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 20,219 shares of the bank’s stock after selling 882 shares during the quarter. Norden Group LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $311,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock worth $36,000 after purchasing an additional 1,804 shares during the period. Bessemer Group Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 25.3% during the 1st quarter. Bessemer Group Inc. now owns 3,901 shares of the bank’s stock worth $53,000 after purchasing an additional 787 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $209,000. GAMMA Investing LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 48.5% in the 1st quarter. GAMMA Investing LLC now owns 16,135 shares of the bank’s stock worth $220,000 after acquiring an additional 5,269 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 3.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank’s stock worth $474,000 after acquiring an additional 1,222 shares during the period. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $19.29 on Friday. The business’s 50 day moving average is $18.02 and its two-hundred day moving average is $15.69. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $9.23 and a 52-week high of $19.41. The firm has a market cap of $112.61 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 0.99 and a beta of 1.20. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The company had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.24 billion. Analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.