US Bancorp DE Reduces Position in Banco Bilbao Vizcaya Argentaria SA (BBVA)

US Bancorp DE reduced its position in shares of Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,220,414 shares of the bank’s stock after selling 75,343 shares during the quarter. US Bancorp DE’s holdings in Banco Bilbao Vizcaya Argentaria were worth $7,688,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BBVA. Reliance Trust Co. of Delaware acquired a new position in Banco Bilbao Vizcaya Argentaria during the 3rd quarter worth approximately $134,000. HRT Financial LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the second quarter worth approximately $154,000. Brandes Investment Partners LP raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 56.5% in the second quarter. Brandes Investment Partners LP now owns 23,926 shares of the bank’s stock worth $167,000 after purchasing an additional 8,642 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 60.4% in the second quarter. Tower Research Capital LLC TRC now owns 26,997 shares of the bank’s stock worth $189,000 after purchasing an additional 10,166 shares during the last quarter. Finally, Advisor Partners LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 43.3% in the second quarter. Advisor Partners LLC now owns 29,851 shares of the bank’s stock worth $209,000 after purchasing an additional 9,014 shares during the last quarter. 3.14% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently commented on BBVA. ValuEngine downgraded Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. UBS Group downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research downgraded Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. JPMorgan Chase & Co. lowered Banco Bilbao Vizcaya Argentaria from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 4th. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria from a “neutral” rating to a “buy” rating in a report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $7.02.

BBVA stock opened at $5.77 on Friday. The company has a market capitalization of $39.40 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.05 and a quick ratio of 0.25. Banco Bilbao Vizcaya Argentaria SA has a 12-month low of $5.46 and a 12-month high of $9.54.

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About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

Further Reading: What does cost of debt say about a company’s financial health?

Institutional Ownership by Quarter for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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