Vestmark Advisory Solutions Inc. Reduces Position in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Vestmark Advisory Solutions Inc. reduced its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 51.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,823 shares of the bank’s stock after selling 59,531 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,075,000 as of its most recent SEC filing.

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

Banco Bilbao Viscaya Argentaria Stock Up 1.1%

NYSE:BBVA opened at $23.79 on Thursday. The firm has a 50 day moving average of $24.02 and a 200 day moving average of $21.30. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $11.59 and a 52 week high of $26.20. The stock has a market capitalization of $137.08 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.59 and a beta of 0.80.

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

Analysts Set New Price Targets

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

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.