SG Americas Securities LLC Trims Holdings in Banco Bilbao Viscaya Argentaria S.A. $BBVA

SG Americas Securities LLC trimmed its stake in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 33.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 69,172 shares of the bank’s stock after selling 35,182 shares during the quarter. SG Americas Securities LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $1,332,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Navigoe LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 105.9% in the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after acquiring an additional 949 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Banco Bilbao Viscaya Argentaria during the second quarter valued at approximately $30,000. Salomon & Ludwin LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 2,989.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after acquiring an additional 2,272 shares during the period. Finally, AlphaCore Capital LLC purchased a new stake in Banco Bilbao Viscaya Argentaria in the 2nd quarter worth approximately $74,000. Institutional investors own 2.96% of the company’s stock.

Analysts Set New Price Targets

BBVA has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, December 29th. Morgan Stanley assumed coverage on Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating for the company. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE BBVA opened at $24.38 on Friday. Banco Bilbao Viscaya Argentaria S.A. has a 52-week low of $10.60 and a 52-week high of $24.82. The company has a fifty day moving average of $22.48 and a 200-day moving average of $19.60. The company has a market capitalization of $140.51 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.96 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a return on equity of 17.07% and a net margin of 28.58%.The business had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.47 billion. As a group, analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

About Banco Bilbao Viscaya Argentaria

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.