SG Americas Securities LLC Sells 221,160 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

SG Americas Securities LLC lessened its stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 76.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,904 shares of the bank’s stock after selling 221,160 shares during the quarter. SG Americas Securities LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,492,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in Banco Bilbao Viscaya Argentaria by 28.0% in the 2nd quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after acquiring an additional 2,034,318 shares during the last quarter. Capital International Investors boosted its holdings 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 valued at $125,914,000 after purchasing an additional 40,320 shares during the last quarter. Clark Capital Management Group Inc. boosted its holdings 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 valued at $110,788,000 after purchasing an additional 113,250 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Banco Bilbao Viscaya Argentaria by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock valued at $93,288,000 after purchasing an additional 297,752 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% in the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after purchasing an additional 3,428,336 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.

Analyst Ratings Changes

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

Banco Bilbao Viscaya Argentaria Stock Down 0.1%

Shares of NYSE:BBVA opened at $25.56 on Friday. The firm has a fifty day simple moving average of $23.05 and a two-hundred day simple moving average of $23.07. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $14.63 and a 52 week high of $26.20. The stock has a market capitalization of $145.94 billion, a P/E ratio of 12.17, a PEG ratio of 0.64 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The firm had revenue of $12.33 billion for the quarter. On average, analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 earnings per share for the current 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.