Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Cut to “Neutral” at Bank of America

Bank of America cut shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a buy rating to a neutral rating in a research note published on Wednesday morning, MarketBeat.com reports.

A number of other research firms have also recently weighed in on BBVA. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Barclays cut shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Weiss Ratings downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, Wall Street Zen lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of NYSE BBVA opened at $25.19 on Wednesday. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $14.63 and a fifty-two week high of $26.40. The firm has a market capitalization of $143.80 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 0.72 and a beta of 0.80. The stock’s 50-day simple moving average is $23.79 and its 200-day simple moving average is $23.25.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The firm had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.65% and a net margin of 28.21%. On average, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at approximately $26,000. Root Financial Partners LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock valued at $27,000 after acquiring an additional 426 shares during the period. Whipplewood Advisors LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at $27,000. Harbour Investments Inc. raised its position in Banco Bilbao Viscaya Argentaria by 84.1% in the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.