Barclays Downgrades Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) to Equal Weight

Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Free Report) was downgraded by equities researchers at Barclays from an “overweight” rating to an “equal weight” rating in a report issued on Monday, Marketbeat Ratings reports.

Separately, Keefe, Bruyette & Woods upgraded Banco Bilbao Vizcaya Argentaria from a “market perform” rating to an “outperform” rating in a report on Monday, December 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

View Our Latest Report on Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of NYSE BBVA opened at $11.72 on Monday. The firm has a market capitalization of $69.89 billion, a P/E ratio of 8.43, a P/E/G ratio of 0.65 and a beta of 1.31. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.24. The stock’s 50-day simple moving average is $10.04 and its two-hundred day simple moving average is $9.06. Banco Bilbao Vizcaya Argentaria has a twelve month low of $6.47 and a twelve month high of $11.82.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Free Report) last announced its earnings results on Monday, January 29th. The bank reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $8.01 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.85% and a net margin of 27.15%. As a group, equities analysts anticipate that Banco Bilbao Vizcaya Argentaria will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBVA. Raymond James & Associates increased its position in Banco Bilbao Vizcaya Argentaria by 21.4% during the 1st quarter. Raymond James & Associates now owns 733,348 shares of the bank’s stock valued at $4,173,000 after buying an additional 129,165 shares in the last quarter. Bank of New York Mellon Corp increased its position in Banco Bilbao Vizcaya Argentaria by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 643,708 shares of the bank’s stock valued at $3,664,000 after buying an additional 41,706 shares in the last quarter. American Century Companies Inc. increased its position in Banco Bilbao Vizcaya Argentaria by 4.0% during the 1st quarter. American Century Companies Inc. now owns 393,935 shares of the bank’s stock valued at $2,241,000 after buying an additional 15,070 shares in the last quarter. HighTower Advisors LLC increased its position in Banco Bilbao Vizcaya Argentaria by 32.6% during the 1st quarter. HighTower Advisors LLC now owns 35,093 shares of the bank’s stock valued at $196,000 after buying an additional 8,633 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 24.6% in the 1st quarter. Private Advisor Group LLC now owns 18,972 shares of the bank’s stock worth $108,000 after purchasing an additional 3,749 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Vizcaya Argentaria

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Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.

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