Marks Group Wealth Management Inc Sells 52,658 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

Marks Group Wealth Management Inc lowered its holdings in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 75.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,819 shares of the bank’s stock after selling 52,658 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Banco Bilbao Viscaya Argentaria were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Navigoe LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the third quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria during the 2nd quarter worth $30,000. Cornerstone Planning Group LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 183.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,033 shares during the period. Salomon & Ludwin LLC increased its stake in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after purchasing an additional 2,272 shares in the last quarter. Finally, Westside Investment Management Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock worth $45,000 after purchasing an additional 1,158 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Trading Up 0.8%

Shares of BBVA opened at $23.69 on Tuesday. The firm has a market cap of $136.54 billion, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. The company has a 50 day simple moving average of $23.97 and a two-hundred day simple moving average of $21.25. Banco Bilbao Viscaya Argentaria S.A. has a 1 year low of $11.59 and a 1 year high of $26.20. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.13 and a quick ratio of 0.98.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $11.49 billion for the quarter, compared to analysts’ expectations of $10.74 billion. Banco Bilbao Viscaya Argentaria had a net margin of 28.43% and a return on equity of 17.29%. On average, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BBVA. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Zacks Research raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada downgraded Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria has an average rating of “Moderate Buy”.

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.