Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Downgraded to “Neutral” Rating by Bank of America

Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a buy rating to a neutral rating in a research note released on Wednesday morning, Marketbeat.com reports.

BBVA has been the subject of a number of other reports. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA opened at $25.51 on Wednesday. The stock’s 50 day simple moving average is $23.66 and its 200 day simple moving average is $23.21. The firm has a market cap of $145.61 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.64 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a 1 year low of $14.63 and a 1 year high of $26.40.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The firm had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. As a group, sell-side analysts anticipate that Banco Bilbao Viscaya Argentaria will post 2.38 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new position in Banco Bilbao Viscaya Argentaria during the 4th quarter valued at approximately $26,000. Root Financial Partners LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth about $27,000. Harbour Investments Inc. grew its position in Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

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.