Fisher Asset Management LLC Sells 3,111,897 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Fisher Asset Management LLC lessened its position in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,310,215 shares of the bank’s stock after selling 3,111,897 shares during the quarter. Fisher Asset Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $737,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Savvy Advisors Inc. raised its holdings in Banco Bilbao Viscaya Argentaria by 3.9% in the third quarter. Savvy Advisors Inc. now owns 14,644 shares of the bank’s stock worth $282,000 after purchasing an additional 544 shares in the last quarter. Baron Wealth Management LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 2.5% in the 3rd quarter. Baron Wealth Management LLC now owns 23,039 shares of the bank’s stock worth $443,000 after buying an additional 553 shares during the period. Savant Capital LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 0.7% in the 3rd quarter. Savant Capital LLC now owns 80,109 shares of the bank’s stock worth $1,542,000 after acquiring an additional 556 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in Banco Bilbao Viscaya Argentaria by 4.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 14,304 shares of the bank’s stock valued at $220,000 after acquiring an additional 563 shares during the period. Finally, Seeds Investor LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 4.1% in the second quarter. Seeds Investor LLC now owns 14,956 shares of the bank’s stock worth $230,000 after purchasing an additional 584 shares during the period. 2.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Banco Bilbao Viscaya Argentaria Price Performance

BBVA stock opened at $23.10 on Monday. The company has a market capitalization of $133.10 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.58 and a beta of 0.80. The business has a 50 day simple moving average of $24.04 and a two-hundred day simple moving average of $21.39. Banco Bilbao Viscaya Argentaria S.A. has a 1-year low of $11.59 and a 1-year high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $10.74 billion. Sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

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.