Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Downgraded to Hold at Societe Generale

Societe Generale downgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) from a buy rating to a hold rating in a report released on Tuesday, The Fly reports.

Several other research analysts have also weighed in on the stock. AlphaValue upgraded shares of Banco Bilbao Vizcaya Argentaria to a buy rating in a report on Thursday, December 8th. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a buy rating to a strong-buy rating in a research note on Wednesday, January 11th. Royal Bank of Canada raised their price objective on Banco Bilbao Vizcaya Argentaria from €6.20 ($6.74) to €6.50 ($7.07) in a research note on Friday, October 14th. Credit Suisse Group raised their target price on Banco Bilbao Vizcaya Argentaria from €5.20 ($5.65) to €5.50 ($5.98) and gave the company a neutral rating in a research note on Monday, October 31st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Banco Bilbao Vizcaya Argentaria from €6.70 ($7.28) to €7.00 ($7.61) in a research note on Tuesday, November 1st. Six equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $6.48.

Banco Bilbao Vizcaya Argentaria Stock Performance

NYSE:BBVA opened at $6.93 on Tuesday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $3.93 and a fifty-two week high of $7.02. The stock has a market cap of $44.26 billion, a PE ratio of 6.60 and a beta of 1.29. The firm’s fifty day simple moving average is $6.11 and its 200-day simple moving average is $5.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) last posted its quarterly earnings results on Friday, October 28th. The bank reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Banco Bilbao Vizcaya Argentaria had a net margin of 26.64% and a return on equity of 13.66%. The business had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $6.06 billion. Analysts expect that Banco Bilbao Vizcaya Argentaria will post 1.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. increased its position in shares of Banco Bilbao Vizcaya Argentaria by 217.2% during the fourth quarter. Ronald Blue Trust Inc. now owns 5,681 shares of the bank’s stock valued at $26,000 after purchasing an additional 3,890 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at approximately $38,000. Brown Brothers Harriman & Co. increased its position in shares of Banco Bilbao Vizcaya Argentaria by 124.8% during the first quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock valued at $39,000 after purchasing an additional 3,808 shares during the period. Diligent Investors LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at approximately $44,000. Finally, Bessemer Group Inc. increased its position in shares of Banco Bilbao Vizcaya Argentaria by 159.8% during the third quarter. Bessemer Group Inc. now owns 9,758 shares of the bank’s stock valued at $44,000 after purchasing an additional 6,002 shares during the period. 2.51% of the stock is owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile

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Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.