Keefe, Bruyette & Woods Downgrades Banco Bilbao Viscaya Argentaria (NYSE:BBVA) to Hold

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was downgraded by Keefe, Bruyette & Woods from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Bank of America lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

Banco Bilbao Viscaya Argentaria stock opened at $28.53 on Wednesday. The stock has a market cap of $162.88 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.76 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. The business has a 50-day simple moving average of $25.46 and a 200 day simple moving average of $23.65. Banco Bilbao Viscaya Argentaria has a 52 week low of $17.77 and a 52 week high of $28.74.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The firm had revenue of $11.99 billion during the quarter. On average, research analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of hedge funds have recently made changes to their positions in BBVA. Basepoint Wealth LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter valued at $26,000. Root Financial Partners LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 59.6% in the fourth 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 purchased a new stake in Banco Bilbao Viscaya Argentaria during the first quarter valued at about $27,000. Harbour Investments Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the fourth quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after buying an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 50.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after buying an additional 440 shares during the period. 2.96% of the stock is currently owned by 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.