Capital World Investors Sells 28,476 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Capital World Investors trimmed its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,673 shares of the bank’s stock after selling 28,476 shares during the period. Capital World Investors’ holdings in Banco Bilbao Viscaya Argentaria were worth $8,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 28.0% during the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock worth $142,760,000 after acquiring an additional 2,034,318 shares during the last quarter. Capital International Investors lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 0.6% during the 3rd quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock worth $125,914,000 after acquiring an additional 40,320 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 2.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock worth $110,788,000 after acquiring an additional 113,250 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after acquiring an additional 297,752 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 23.4% during the 3rd quarter. American Century Companies Inc. now owns 3,248,176 shares of the bank’s stock worth $62,527,000 after acquiring an additional 615,985 shares during the last quarter. 2.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BBVA. Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 0.8%

BBVA opened at $22.56 on Wednesday. The stock’s fifty day moving average is $22.40 and its two-hundred day moving average is $22.73. The company has a market capitalization of $128.77 billion, a P/E ratio of 10.74, a PEG ratio of 0.59 and a beta of 0.81. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $14.63 and a 52 week high of $26.20.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. The company had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. Equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria 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.